US Federal Reserve

Strong US job growth beats expectations in May, firming recent gains

Total nonfarm payroll employment in the US increased by 172,000 in May.

US Fed says Iran war driving ‘moderate-to-strong’ inflation

The US Fed said energy costs linked to the Middle East conflict continue to fuel inflation, pushing up prices across shipping, packaging, groceries, and fertilisers.

Former chairman Powell defends need for US Federal Reserve to maintain independence

While You Were Sleeping: 5 stories you might have missed, May 23, 2026

Director of national intelligence Tulsi Gabbard told US President Donald Trump she was stepping away from her role as her husband was suffering from a rare form of bone cancer.

US Fed chair Kevin Warsh says will be ‘reform-oriented’ at glitzy White House swearing-in

US President Donald Trump (right) shaking hands with Mr Kevin Warsh during the swearing-in of Mr Warsh as the new chairman of the Federal Reserve on May 22 at the White House.

US Fed minutes show more policymakers open to a rate hike

A majority of Fed policymakers at their April 28-29 meeting felt “some policy firming would likely become appropriate” if inflation stays persistently above the central bank’s 2 per cent target.

Fed names Powell chair pro tempore until Warsh sworn in

Mr Jerome Powell’s four-year term as chair ended on May 15 and the US Senate confirmed Mr Kevin Warsh (right) earlier this week to be the next Fed leader.

S&P 500, Nasdaq boosted by chips to record closing highs

A trader working on the floor of the New York Stock Exchange, in New York City.

Kevin Warsh confirmed as Fed chair as central bank faces Trump assault

Mr Kevin Warsh being sworn in at his Senate nomination hearing in April 2026.

Senate confirms Kevin Warsh to Fed board; chair vote likely on May 13

Mr Kevin Warsh - US President Donald Trump's nominee to be next chair of the US Federal Reserve - attending his Senate Banking Committee confirmation hearing on April 21.

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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.