WASHINGTON, United States, Jan 13, 2026 (BSS/AFP) - Former Federal Reserve chiefs on Monday sharply criticized a US criminal probe into current chair Jerome Powell, calling it an "unprecedented attempt" to undermine the central bank's independence. Two Republican senators joined in rebuking the Tru»»»

The independent Federal Reserve aims to maintain price stability and low unemployment, using its benchmark rate to influence borrowing costs and Treasury yields. (EPA Images pic) WASHINGTON: Former Federal Reserve chiefs on Monday sharply criticized a US criminal probe into current chair Jerome Pow»»»

The move is another effort by the Trump administration to have more control over the US Federal Reserve, which, historically, has been free of day-to-day politics. United States Treasury Secretary Scott Bessent has said he would push a new requirement that the Federal Reserve’s regional bank presid»»»

Authored by Sam Dorman via The Epoch Times, Months of litigation related to Trump administration policies have made it likely the Supreme Court justices will wrestle with limits on executive power in their upcoming term. Months after President Donald Trump took office, his policy on birthright citi»»»

NEW YORK - The Federal Reserve is poised to resume cutting interest rates for the first time in nine months as it grapples with a slowing labour market, stubborn inflation and an unprecedented push by US President Donald Trump for lower borrowing costs. A cut this week, however, won’t necessarily s»»»

At their last meeting in December, U.S. Federal Reserve officials were worried about inflation getting stuck above their 2% target and had watched job gains seesaw in what seemed an emerging decline. When they meet on Jan. 28-29, the mood around the most recent economic data at least will have shif»»»

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. The decision marks its first rate hike since July last yea»»»

WASHINGTON: Donald Trump has called for an immediate reduction in interest rates, claiming that he understands monetary policy better than those responsible for setting it, even as the Federal Reserve has paused any changes for an uncertain period. "With oil prices going down, I'll demand that inte»»»