Federal Reserve
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U.S. consumer prices spiked in April as Iran war drove up energy costsU.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.EconomyMay 12
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U.S. DOJ drops criminal probe into Federal Reserve chair Jerome PowellU.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.U.S. NewsApr 24
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U.S. Fed holds interest rates again as Iran war creates inflation worriesIn a statement announcing the 3.6% rate hold, the central bank said that the 'implications of developments in the Middle East for the U.S. economy are uncertain.'U.S. NewsMar 18
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Trump names Kevin Warsh as new pick for Fed chair to replace PowellU.S. President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed.U.S. NewsJan 30
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U.S. Federal Reserve holds interest rates as pressure from Trump mountsThe 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.U.S. NewsJan 28
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IMF chief backs Jerome Powell, U.S. Fed independence amid Trump pressureKristalina Georgieva told Reuters that central bank independence worked in the interest of businesses and households, and that she respected Powell's professionalism.WorldJan 15
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Trump says no plan to fire Jerome Powell as U.S. Fed chair despite pressure"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.U.S. NewsJan 15
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Bank of Canada adds voice to central banks backing U.S. Fed amid DOJ probeCentral 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.WorldJan 13
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The loonie is up amid Trump’s Fed probe. Who that will help — and hurt?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.EconomyJan 12
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Trump’s ‘frontal attack’ on U.S. Fed sends global shockwavesThe 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.U.S. NewsJan 12
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