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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Jerome Powell

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World

US Fed chair won’t resign if Trump demands

  US Federal Reserve Chairman Jerome Powell has said he will not resign if asked to by incoming President Donald Trump. He was speaking after the Fed dropped interest rates by another quarter of a percentage point. As Nick Harper reports from Washington.  

todayNovember 8, 2024 15

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Business / Economics

Fed minutes suggest rate cut on the cards

The Federal Reserve looks increasingly likely to cut interest rates at its next meeting in September. Minutes from the US central bank's July meeting, released on Wednesday, show most policymakers supported a reduction if inflation continued to cool. Here's the report with Sally Patterson.  

todayAugust 22, 2024 33

World

Asian markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […]

todayDecember 5, 2023 3

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World

U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell

U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell indicating the bank could be making some progress in lowering inflation.But he warned it's too early to tell if the bank is done raising interest rates. Meanwhile, it wasn't a good Friday for social media platform X, formerly Twitter, as another major retailer pulled its advertising. Jody Jacobs reports from New York.   The Dow was […]

todayDecember 4, 2023 17

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World

Fed Chair warns fight against inflation not over

Federal Reserve Chairman Jerome Powell has said the central bank could be done raising interest rates. Speaking in the US state of Georgia on Friday, Powell said inflation is easing but warned it's too early to declare victory. Sally Patterson has more.  

todayDecember 4, 2023 13

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