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US Treasury Secretary Bessent defends Trump’s firing of Lisa Cook, says Fed ‘made lots of mistakes’

September 02, 2025 1:34 am

Bessent said he believed that Cook should be removed or step down if the allegations against her are true, and noted that she had not denied them.

Fired Federal Reserve Governor Lisa Cook refuses to leave

Fired Federal Reserve Governor Lisa Cook to sue Trump, says he does not have authority

August 26, 2025 9:20 pm

Donald Trump said he was removing Lisa Cook effective immediately because of allegations by one of his supporters that she committed mortgage fraud.

Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

January 30, 2025 5:38 am

In a statement, the Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”

FPIs pulled out Rs 6,409 crore from the cash market on Tuesday. sensex

Sensex plunges 1,064 points ahead of US Fed meet on Wednesday

December 17, 2024 10:12 pm

The rupee depreciated to a new low of 84.93 per dollar intra-day on Tuesday and closed flat at 84.90 due to the widening of India’s merchandise trade deficit in November.

Rupee pares losses on foreign fund inflow, settles flat at 84.29 against US dollar

November 26, 2024 9:04 pm

Traders are also awaiting the US Federal Reserve's Federal Open Market Committee minutes of the November 7 meeting for further cues.

US Federal Reserve cuts interest rates again by 25 basis points amid Trump's return to White House

November 08, 2024 10:23 am

The policymakers on Thursday noted that inflation continues an upward trajectory while there’s a job market which has generally eased. Fed rate cut has put the lending rates at 4.5%-4.75%.

Federal Reserve set to cut rates again while facing hazy post-election outlook

November 03, 2024 5:39 pm

The Fed's future actions, though, will become more unsettled once a new president and Congress take office in January, particularly if Donald Trump were to win the White House again.

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Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

September 19, 2024 7:34 am

The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.

How much will the Fed cut? That is the question. Here's why

September 18, 2024 7:34 am

The two-day meeting of the US Federal Reserve FOMC that begins on September 17 will most likely deliver the first rate cut since March 2020. Why is the world watching with great anticipation?

US Federal Reserve interest rate cut, Jerome Powell, Jackson Hole conference,

US Federal Reserve chair Powell: ‘Time has come to soon begin reducing interest rates’

August 23, 2024 8:11 pm

According to the Fed’s preferred measure, inflation fell to 2.5% last month, far below its peak of 7.1% two years ago and only slightly above the central bank's 2% target level.