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Tag: central bank

Trump Names Kevin Warsh as Fed Chair Pick to Replace Jerome Powell

Donald Trump selects former Fed governor Kevin Warsh to lead the Federal Reserve if re-elected, signaling a major policy shift. Learn about Warsh's background and views.

Supreme Court Backs Fed’s Cook, Questions Trump Removal Bid

US Supreme Court justices express doubt over Trump's challenge to remove Fed Governor Lisa Cook, in a case testing central bank independence. Ruling due by June.

Anna Breman Becomes RBNZ Governor with Stable Economy as Gift

Sweden's Anna Breman takes charge of New Zealand's central bank with inflation tracking to target and economic recovery underway, positioned for success.

India’s Forex Reserves Hit $692.58 Billion as Gold Soars

India's foreign exchange reserves surge $5.54 billion to $692.58 billion with gold reserves jumping $5.34 billion. RBI confident about external sector resilience.

Yen Hits Record Low After Japan PM Urges Central Bank Caution

Japanese yen falls to historic lows against euro and dollar as Prime Minister Takaichi pushes Bank of Japan to maintain low interest rates, creating policy tension.

Fed’s Powell Admits AI Job Loss Fears Are Real and Growing

Federal Reserve Chair Jerome Powell confirms AI is causing hiring freezes and job cuts, creating a major policy challenge for the US economy.