Jerome Powell, the 16th Chair for the U.S. Federal Reserve, during a moderated conversation at Harvard University in Cambridge, Massachusetts, US, on Monday, March 30, 2026. Mel Musto | Bloomberg | Getty Images The Department of Justice will not reopen its criminal investigation into former Federal Reserve Chair Jerome Powell over the central bank’s overbudget…
Bulawayo, Zimbabwe — Migrants now send home more money than foreign aid, and this is pulling rural families out of poverty, according to the International Fund for Agricultural Development (IFAD). A new report, Sending Money Home, released this week, asserts that remittances have become the world’s largest and most resilient source of household finance during…
DEVELOPING STORYDEVELOPING STORY, The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the United States. The United States Federal Reserve has said it will raise interest rates by a quarter of a percentage point as inflation, driven by soaring fuel prices amid the US-Iran war,…
Traders work on the floor of the New York Stock Exchange (NYSE) on September 09, 2026 in New York City. Spencer Platt | Getty Images The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve’s interest-rate decision, which…
President Donald Trump speaks with the new chairman of the Federal Reserve, Kevin Warsh, after a swearing-in ceremony in the East Room of the White House, in Washington, May 22, 2026. Anna Moneymaker | Getty Images Ten days ahead of a meeting in which the Federal Reserve will likely consider raising interest rates, the Trump…
JACKSON HOLE, Wyo. — President Donald Trump’s new Federal Reserve chair said Friday that although measures of inflation are still elevated, it is not yet clear that the central bank must take urgent action to address rising prices. The speech at the Fed’s yearly retreat at Jackson Hole had been eagerly anticipated after a rocky…
The Federal Reserve, the U.S. Senate, the Department of Justice, NASA, and other federal agencies were victims of computer intrusion by a Chinese state-sponsored hacking group, the DOJ said on Wednesday morning as it announced the court-ordered seizure of online domains used for hacking platforms. The hacking platforms, known as “QScan and QTRouter,” were “used…
President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, Aug. 19, 2026. Jim Watson | AFP | Getty Images President Donald Trump on Wednesday expressed frustration that the Federal Reserve isn’t cutting interest rates, insisting that solid economic data shouldn’t stop the central…
U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), as the Federal Reserve holds interest rates steady, at the Federal Reserve, in Washington, D.C., U.S. July 29, 2026. Evelyn Hockstein | Reuters The Federal Reserve on Wednesday followed through on expectations for no…
Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate banking committee, facing questions over the economy and how various factors might impact interest rates. As part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House financial services committee. During his remarks, he reaffirmed the Fed’s commitment…
