“By selecting Miran, Trump has made a stop-gap appointment and given himself until January to make the main call,” said ...

US President Trump has appointed economist Stephen Miran to the Federal Reserve Board for a short-term role lasting until January 2026. A staunch advocate of tariffs and rate cuts, Miran’s nomination ...

The way the Fed is designed, there isn’t too much the new Fed chair can do outside of setting a change in tone and publicly pushing for a new direction.

The yen was a touch weaker on the day against the dollar, which fell 0.31% to 147.560 yen. The dollar also rose 0.25% against the euro to $1.163775 and strengthened 0.29% against the Swiss franc to 0.

Analysts have revised their outlook on a rate cut, citing signs of weakness in the labor market and uncertainty surrounding ...

The US Dollar is reverting to the previous two days' losses as investors welcomed reports suggesting that Fed Governor Waller is emerging as a top candidate for the replacement of Chair Powell in May, ...