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US Federal Reserve

US Justice Department ends criminal probe against Fed chair Powell

The probe into Fed chair Jerome Powell, whose term expires on May 15, looked likely to hold up the Senate’s confirmation of Mr Trump’s pick for a new chairman.
The probe into Fed chair Jerome Powell, whose term expires on May 15, looked likely to hold up the Senate’s confirmation of Mr Trump’s pick for a new chairman.

US Justice Department ends criminal probe of Fed chair Jerome Powell, clearing path for Warsh

US Federal Reserve chairman Jerome Powell has been routinely criticised by US President Donald Trump for not following his calls to cut interest rates more quickly.
US Federal Reserve chairman Jerome Powell has been routinely criticised by US President Donald Trump for not following his calls to cut interest rates more quickly.

US Fed chair nominee Kevin Warsh says he will not be a ‘puppet’ controlled by Trump

Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Kevin Lamarque
Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Kevin Lamarque

Trump Fed chair pick Kevin Warsh to vow interest rate independence at key hearing

Mr Kevin Warsh is also expected to express commitment to fighting inflation.
Mr Kevin Warsh is also expected to express commitment to fighting inflation.

US Treasury’s Bessent says core inflation is going down, Fed will need to cut rates

US Treasury Secretary Scott Bessent downplayed the impact of the Iran war on core inflation, which he said was under control and dropping in many categories.
US Treasury Secretary Scott Bessent downplayed the impact of the Iran war on core inflation, which he said was under control and dropping in many categories.

Trump’s Fed pick Kevin Warsh discloses vast wealth before confirmation hearing

FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan Mcdermid/File Photo
FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan Mcdermid/File Photo

US Fed minutes show growing openness to rate hikes at March meeting

The Fed minutes were released on April 8, a day after the US and Iran agreed to a two-week ceasefire.
The Fed minutes were released on April 8, a day after the US and Iran agreed to a two-week ceasefire.

US judge upholds block on subpoenas to Fed’s Jerome Powell, teeing up likely appeal

US Federal Reserve chairman Jerome Powell  has pledged not to leave the central bank until the criminal probe against him is over.
US Federal Reserve chairman Jerome Powell  has pledged not to leave the central bank until the criminal probe against him is over.

Powell says Fed can ‘wait and see’ how Iran war affects inflation

US Federal Reserve Chairman Jerome Powell speaking at a dialogue at Harvard University in Cambridge, Massachusetts, on March 30, 2026.
US Federal Reserve Chairman Jerome Powell speaking at a dialogue at Harvard University in Cambridge, Massachusetts, on March 30, 2026.

Commentary

How to navigate the fog of war

With shipping traffic through the Strait of Hormuz grinding to a halt, Brent crude prices have already soared by nearly 50 per cent since late February.
With shipping traffic through the Strait of Hormuz grinding to a halt, Brent crude prices have already soared by nearly 50 per cent since late February.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.