Jerome Powell says he will not resign as chairman of the US Federal Reserve should the president-elect ask him to. Trump’s advisers are working on a Plan B.
The Federal Reserve cut interest rates by a quarter of a percentage point while chair Jerome Powell addressed concerns about his future when Donald Trump returns to the White House.
Amid the near-euphoria in financial markets that erupted when it became clear that Donald Trump had regained the US presidency,there was one warning sign.
Xi’s key policymakers are meeting to discuss a large fiscal stimulus package,knowing that the US election outcome could have threatening implications.
Donald Trump and Kamala Harris have two radically different sets of policies that will have great consequence not just for Americans,but for the rest of the world.
The world’s central banks have kickstarted what looks to be an aggressive series of rate cuts and for smalls caps,this just might be the turning point.
The Reserve Bank’s most iconic governor says businesses are going bust and the RBA is too focused on only one factor in its charter.
A closely watched indicator is signalling that the US is on track to avoid a recession. But these are anything but normal times.
While markets are expecting at least one rate cut before the end of the year,RBA governor Michele Bullock and most of the big four banks disagree.
Australia’s tech insiders are enjoying a surge in optimism from the Fed’s bumper rate cut,but all eyes are now on the US election.
The Australian sharemarket closed out the week in record territory despite an afternoon selloff,after this week’s large cut to US interest rates fuelled one of the strongest days on Wall Street this year.