Monthly surveys of economic activity and confidence have fallen more sharply among energy importers than in the US
The latest Jolts survey showed modest cooling during the first month of the Iran conflict
Jay Powell has overseen his last Fed meeting as chair even if he plans to stay on as governor
The US central bank is at a pivotal moment in its history
The UAE wants a swap line. The US wants to give it. Why?
Jay Powell’s final rate conference
Kevin Warsh still needs to prove that he can stand up to the US president
PCE inflation rose strongly and GDP figures showed no signs of a let-up, bolstering the case for caution at the Fed
Kevin Warsh will be trying to shift central bank’s approach at time of deep division, say fund managers
Also in today’s newsletter, political violence in the US isn’t just rising — it’s broadening
Plus tech earnings
US central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair
Dissents suggest deepening divide on FOMC as Powell announced he will stay on the board of governors for now
Central bank chair says he will remain a governor ‘for a period of time’ after Kevin Warsh succeeds him
Banking panel votes in favour of Donald Trump’s candidate to lead US central bank
The designate chair has signalled a willingness to take the central bank’s balance sheet into account when setting monetary policy
Central bank chair’s decision to confront the president has bolstered the institution’s independence
Why the markets rise despite chaos
Much of the nominee’s testimony was just a different way of expressing current US monetary policy
Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts
Breakthrough for Kevin Warsh comes after US prosecutors dropped criminal probe into current Fed chair
Thom Tillis had vowed to block nomination until the US justice department dropped criminal probe into Jay Powell
Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next head of the central bank
Kevin Warsh was not ready to disagree with Donald Trump in front of the Senate banking committee
Republican senators will advance Trump’s nominee now that the Department of Justice has backed down
