Trump Treasury secretary pick Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Trump "is going to make his views known" as president. "Of course,

The past quarter’s economic data showed that the inflation battle is not over; whether the Fed eases now depends on the data, a point Jerome Powell and the Federal Reserve have repeated ad nauseam. Then came last week’s nonfarm payrolls data for April,

When it comes to the US economy, the spotlight is on whom the president-elect might try to dismiss rather than whom he plans to appoint.

Every year the Federal Reserve conducts a stress test on about 30 U.S. banks to evaluate their ability to withstand economic crises, using hypothetical scenarios such as when the unemployment rate rises to 10 percent and housing prices drop 40 percent.

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Trump hasn’t even been sworn into office yet and he’s already locking horns with Fed chair Jerome Powell on interest rates. They're both right, underscoring the Catch-22 facing the central bank and the U.

The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”

Trump's Treasury nominee, Scott Bessent, opposes a US CBDC, arguing it's unnecessary given existing secure US assets.

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement,

The U.S. Federal Reserve revealed on Friday that it has withdrawn its membership from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global body of central banks and regulators focused on managing climate risk in the financial system.

The Federal Reserve is withdrawing from an environmental group for global central bankers. The Fed joined the group, the Network of Central Banks and Supervisors for Greening the Financial System, in