US central bank boss says Trump can't fire him

The US central bank cuts interest rates, as its chairman vows to stay on the job.

Powell says he won't resign for Trump, can't be fired

Federal Reserve Chair Jerome Powell had a clear, direct response when asked during a press conference Thursday if he would step down if asked to do so by President-elect Trump. “No,” said Powell, ...

Politics - The Hill - November 7

US central bank lowers interest rates by quarter point as new Trump term looms

Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September. The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them ...

World - The Guardian - November 7

Fed chair says Trump can't remove him. Could Trump still influence interest rates?

The standoff carries high stakes for the U.S. economy, experts said.

Trump’s victory sets up traps for central banks

The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off again

World - Financial Times - November 7

Climate breakdown will hit global growth by a third, say central banks

New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate. The physical shocks caused by climate breakdown ...

World - The Guardian - November 8

Bangladesh tycoon says Singapore citizenship is a shield against central bank ‘intimidation’

Mohammed Saiful Alam considers international arbitration over accusations he siphoned money out of banking sector

World - Financial Times - 2 days ago

UK must rebuild post-Brexit relations with EU, says Bank of England boss

Governor Andrew Bailey delivers his strongest comments yet on the UK's departure from the EU.

Jerome Powell Dismisses Idea of Trump Firing Him

Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.

Top stories - The New York Times - November 7

Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle

President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.

Business - CNBC - 5 days ago

Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say

Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.

Business - CNBC - October 28

Kamala Harris says Trump is a fascist at CNN town hall in Pennsylvania - live updates

Vice-president appears with host Anderson Cooper at event where Trump declined to appear. The Labour party has put out a statement rejecting allegations that it broke US election law because ...

World - The Guardian - October 24

Harris holds rally in Georgia with Barack Obama and celebrities – live

Early voting totals have been breaking records in Georgia, with about 30% of the electorate having already cast a ballot. Tell us: is the looming election stressing you out? Don’t miss ...

World - The Guardian - October 25

Oil boss Chris Wright named as Donald Trump’s energy secretary

Liberty Energy CEO set to lead administration’s drive to loosen restrictions on the fossil fuel industry

World - Financial Times - 4 days ago

US agency says Tesla's public statements imply that its vehicles can drive themselves. They can't

The U.S. government’s highway safety agency says Tesla is telling drivers in public statements that its vehicles can drive themselves

Tech - ABC News - November 8

What Trump’s former allies say about their old boss

Many of the ‘best and most serious’ people in the Republican candidate’s administration are now his strongest critics

Business - Financial Times - November 5

Binance boss hails crypto ‘golden age’ as Trump win fires up industry

Executives expects radical shift in regulatory approach in Washington after Democrat defeat

World - Financial Times - November 9

Americans in Puerto Rico can't vote for US president. Their anger at Trump is shaping the race

Residents say a speaker calling Puerto Rico garbage before a packed Donald Trump rally in New York was the latest humiliation for an island territory that has long suffered from mistreatment

World - ABC News - October 28

The reality of Europe’s fears about Trump depends more on us than him

If European leaders live up to their part of the Nato bargain, the US administration will too

Business - Financial Times - November 9

Napoli boss Antonio Conte upset with VAR in draw vs. Inter, says it only works if used in 'honest fashion'

Inter drew 1-1 against Napoli and failed to overtake the Azzurri at the top of the table

Sports - CBS Sports - November 10

Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation

Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.

Business - CNBC - October 25

Switzerland is now flirting with deflation, causing a dilemma for its central bank

Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.

Business - CNBC - October 31

Lebanon's detained former central bank governor faces new corruption charge

A Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrant

World - ABC News - October 31

Central banks need escape route from cycle of boom and bust

We should debate excessive policy easing and the neglect of credit and debt developments

World - Financial Times - November 1

Ukraine fires US-supplied longer-range missiles into Russia, Moscow says

Missiles targeted an ammunitions depot in Bryansk region, Moscow says, with Foreign Minister Lavrov saying the US wanted to escalate the conflict.

Biden says 'Lock him up — politically lock him up' in remarks about Trump

President Joe Biden echoed language former President Donald Trump has used in the past, saying of the former president that "we gotta lock him up."

Politics - NBC News - October 23

2024 election updates: Obama criticizes comic's Puerto Rico remarks at Trump's rally

Trump criticizes the former first lady, said she made a 'big mistake' with her comments on the campaign trail.

RFK Jr. says Trump promised him 'control' of public health agencies

Robert F. Kennedy Jr. said Monday that former President Trump has promised him “control” of public health agencies, including the Department of Health and Human Services (HHS) and the Department of ...

Politics - The Hill - October 30

Trump: Advisers told him not to say he would be ‘protector’ of women

Former President Trump said Wednesday that his advisers had counseled him against describing himself as a "protector" for women, a phrase he used in late September as he sought to make up ground ...

Politics - The Hill - October 31

Trump says "shame on you" to people who voted against him

Former President Donald Trump said "if you voted against me shame on you" at a New Mexico rally on Thursday after criticizing President Biden's "garbage" comment. CBS News political reporter Zak ...

RFK Jr. says Trump 'assured' him of role in White House

Robert F. Kennedy Jr. said Sunday former President Trump assured him that he would get a role in the White House if the GOP ticket wins Tuesday. In an interview on Fox News with Martha MacCallum, ...

Politics - The Hill - November 3

Harris calls Trump to congratulate him on 2024 election win, aide says

Vice President Kamala Harris has called Former President Donald Trump to congratulate him on winning the 2024 presidential election, a senior Harris aide tells CBS News. CBS News campaign reporter ...

Fed Chair says he won't resign if Trump asks him to

Fed Chair Jay Powell said Thursday that he would not resign if president-elect Donald Trump asked him to.

London mayor says Trump's attacks on him are due to his ethnicity and religion

London Mayor Sadiq Khan has accused Donald Trump of repeatedly criticizing him because of his "ethnicity" and Muslim faith, comments likely to renew his long-running feud with Trump.

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