Top Results For: Federal Reserve

U.S. Attorney Jeannine Pirro said her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinize them instead.

Jerome Powell plans to remain on the board of the U.S. Federal Reserve after his term as chair ends next month, citing 'unprecedented' legal attacks by the Trump administration

The Mississaugas of the Credit First Nation alleges the education funding formula implemented by the federal government in 2019 substantially underfunds on-reserve schools.

U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.

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.

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.

Wall Street’s strength followed manic swings in the oil market, where prices surged overnight on worries that the Iran war will affect the flow of crude for a long time.

The move would be a first for a sitting president, since traditionally, U.S. paper currency carries the signatures of the Treasury Secretary and the Treasurer, not the president.

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.

Powell said there "wasn’t a lot" Fed policymakers could do since energy shocks “tend to come and go pretty quickly” and monetary maneuvers work over the longer-term.

The mixed movements followed a whirlwind of action in the war over the weekend, including an entry into the fighting by Houthi rebels in Yemen.

The U.S. Labor Department reported Friday that hiring marked a rebound from the loss of 133,000 jobs in February. The job gains were about three times what economists had forecast.

A recent BMO report has warned that oil prices going past US$150 per barrel as a result of the Iran war would ripple out throughout the broader economy.

U.S. District Judge Richard Leon granted a preservationist group's request for a preliminary injunction that temporarily halts Trump’s White House ballroom project.

The IMF downgraded its forecast for global growth to 3.1 per cent in 2026 from the 3.3 per cent it had forecast in January, but the new rate assumes the war is 'short-lived.'

The main U.S. indexes were on track to open higher on Monday after President Donald Trump said he would order the military to postpone strikes against Iranian power plants.

Oil prices plunged below US$95 per barrel, and stock markets surged worldwide Wednesday after U.S. President Donald Trump pulled back from his threat to destroy Iran.

Hope for a possible end to the war with Iran is taking over again on Wall Street Wednesday, and stocks are back to jumping while oil prices ease.

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.

Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked like before the U.S.-Israeli attack on Iran.