Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the Fed. The criminal charges against US Federal Reserve marks an escalation of President Donald Trump’s longstanding feud with the Fed Chair […]
The US economy expanded at the fastest pace in two years in July-September 2025, bolstered by resilient consumer and business spending and calmer trade policies. The US economy has maintained momentum as consumers powered ahead and the most punitive of President Donald Trump’s tariffs were rolled back. (Reuters) The inflation-adjusted GDP, which measures the value […]
A divided US Federal Reserve has cut the interest rate by 25 basis points to a range between 3.50% and 3.75%, but the path for ahead for future rate cut is uncertain. US Federal Reserve Chair Jerome Powell. (Reuters) A split within the central bank deepened with two officials voting to keep rates unchanged, while […]
