Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.
President-elect Donald Trump’s legislative agenda faces roadblocks before he even takes office. Despite his Republican Party controlling all branches of the federal government, resolving a once-in-a-decade fight over the tax code as well as immigration and energy policy overhauls is troubled by arcane budget rules,
Crypto industry is pushing for Donald Trump to issue an executive order for a strategic Bitcoin reserve soon as he resumes office on Jan 20.
Donald Trump tariff plans and Fed policies raise questions on their impact on global trade, inflation, and the cryptocurrency market in 2025.
Michael Barr, the Federal Reserve's top regulatory cop, said he will step down on Feb. 28, in a surprise move that will avert a potentially messy legal fight with President-elect Donald Trump who is now free to replace him with an official of his choosing.
The Philippine central bank has room to ease monetary policy, its governor said on Thursday, following this week's data showing annual inflation stayed within its 2 per cent to 4 per cent target range in 2024.
Donald Trump just got more terrible news in his hush-money case, as he desperately waits for the Supreme Court to save him.
The Bank of Canada’s policy rate currently sits at 3.25 per cent, after two consecutive half point cuts in October and December of last year. The rate now sits at the upper band of the central bank’s neutral range, with economists predicting it will have more room to fall to below two per cent, if Trump follows through on his tariff threats.
The US dollar charged ahead on Thursday (Jan 9), underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure near multi-month lows amid the shifting threat of tariffs. Read more at The Business Times.