Top Results For: Federal Reserve

U.S. President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed.

The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6 per cent after lowering it three times last year.

Canadian consumers and businesses could see some short-term benefits from the latest news out of the U.S. concerning the Federal Reserve, but there are also severe long-term risks.

Central banks around the world, including the Bank of Canada, are voicing their support for the U.S. Federal Reserve after the U.S. DOJ launched a criminal investigation.

The head of the U.S. Federal Reserve disclosed a legal indictment from the DOJ, and said it was a "pretext" to gain political influence over the Fed to lower interest rates faster.

The JPMorganChase Institute analysis comes after research by the New York Federal Reserve showed nearly 90% of the burden for Trump's tariffs fell on U.S. companies and consumers.

Canada's main stock index dropped nearly 1,000 points early afternoon Friday as the next nominee to lead the U.S. Federal Reserve prompted a sell-off in precious metals.

The United States Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months.

A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans.

U.S. stocks edged higher on Friday after the Supreme Court struck down President Donald Trump's sweeping tariffs, offering relief to investors.

The speech, which lasted more than an hour, touched on tariffs, the U.S. central bank, prescription drug prices and made reference to mysterious new 'weapons of warfare.'

The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency.

The lawsuit, filed in Miami-Dade County court in Florida, alleges that JPMorgan abruptly closed multiple accounts in February 2021 with just 60 days notice and no explanation.

Kristalina Georgieva told Reuters that central bank independence worked in the interest of businesses and households, and that she respected Powell's professionalism.

GDP increased at a 1.4 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of fourth-quarter GDP on Friday.

Sluggish December hiring concluded a year of weak employment gains that have frustrated job seekers even though layoffs and unemployment remained low.

"I don't have any plan to do that," Trump told Reuters in an interview when asked if he would attempt to remove Powell from his job.

Stocks slumped in afternoon trading on Wall Street Tuesday as tensions escalate over U.S. President Donald Trump's attempts to assert American control over Greenland.

The rate cut, which included a nod to the data limits the Fed faces during the current federal government shutdown, drew dissents from two policymakers.

U.S. inflation slowed unexpectedly last month, the government said in a report that was delayed and likely distorted by the government shutdown.