News

Fed Governor Steps Down Early, Giving Trump Opportunity to Shape Central Bank
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to step down.
US Fed Governor To Resign Early At Critical Time For Central Bank
US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates.
Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.
Trump Says Powell ‘Should Resign’ Like Fed Governor Kugler
President Donald Trump said Jerome Powell should follow in the footsteps of Federal Reserve Governor Adriana Kugler and resign from the central bank, ratcheting up his feud with the central bank chair.
Fed Governor Adriana Kugler Resigns, Giving Trump an Opening to Reshape the Fed
Federal Reserve Governor Adriana Kugler will step down August 8, handing President Donald Trump a strategic opportunity to reshape the central bank’s board as he escalates pressure on Fed Chair Jerome Powell for aggressive interest rate cuts.
Trump Claims He 'Most Likely' Will Not Fire Fed Chair Jerome Powell
President Donald Trump claimed Friday he “most likely” will not fire Federal Reserve Chair Jerome Powell, despite persistently goading him to leave his post. Trump has publicly criticized the Fed chair for months for keeping interest rates steady despite the president’s insistence that Powell lower them.
Trump urges Fed board to ‘assume control’ if rates not cut
President Trump called on the Federal Reserve board to 'assume control' if Chair Jerome Powell does not lower interest rates, escalating his ongoing feud with the central bank’s head.
Fed Governor Adriana Kugler to Step Down
Federal Reserve Board Governor Adriana Kugler is stepping down from her job effective August 8. “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” she said.
Trump slams Powell as 'moron' and calls for Fed's board to take control of policy moves
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Truth Social, urging the Fed's Board to assume control if Powell refuses demanding immediate interest rate cuts.
Trump says Powell is a 'moron' and calls for the board to 'assume control' of the Fed, soon after it kept rates steady again
Trump escalated pressure on Fed Chair Jerome Powell in a Truth Social post on Friday, urging the Fed's board to intervene and slash interest rates.
Big central bank rate cuts slow, tariffs and politics in focus
The pace of global rate cuts is slowing as the European Central Bank nears the end of its easing cycle, the U.S. Federal ...
Central bank dissent just became the next thing to worry about
Was the Federal Reserve’s rare split decision a trivial moment or something more sinister? One thing is certain – we’re in a ...
Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval
The European Central Bank is leaving interest rates unchanged as it waits to see the impact of U.S. President Donald Trump’s ...
China's central bank sets up new financial stability committee
China's central bank has set up a macroprudential and financial stability committee to help defuse financial risks, it said ...
Pakistan’s Central Bank Completes Design of New Currency Notes
Pakistan’s central bank has completed the design of new currency notes that will have improved security features.
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RBI MPC August 2025: Will The Central Bank Announce A Festive Rate Cut Ahead Of Diwali?
The report argues that an August rate cut would “bring an early Diwali” by stimulating credit growth ahead of the festive ...
South Africa's finance minister and central bank governor at odds over inflation target
The South African central bank's decision to lower its inflation target on Thursday without the sign-off of the finance ...
Bank Indonesia Intervenes as Rupiah Hits Weakest in One Month
The Indonesian central bank intervened in foreign-exchange markets to stabilize the rupiah after the Federal Reserve’s ...