The Sydney Morning Herald logo
The Sydney Morning Herald logo

Federal Reserve

Advertisement
President Donald Trump speaks in the Oval Office of the White House

‘I love the inflation,’ Trump says. Americans beg to differ

The US president can brag as much as he likes about his trade policies and his “successes” against Iran, but US households are being squeezed ever harder by the war and his tariffs.

  • Stephen Bartholomeusz

Latest

Warsh and US President Donald Trump confer following their speeches.

Will the AI boom lead to lower interest rates?

New US Federal Reserve Chair Kevin Warsh says the productivity gains from artificial intelligence will allow significant cuts in interest rates. More like the opposite.

  • Stephen Bartholomeusz
Donald Trump is still demanding higher interest rates.

Trump will be furious but his man’s hands are tied

A surprising jump in the latest jobs figures is good news for America but it spells doom for one of the US president’s biggest wishes.

  • Stephen Bartholomeusz
While Operation Epic Fury was militarily successful, securing a settlement, peace deal or even just a framework agreement has been less of a triumph.

Trump’s war is starting to strangle the world

The impact of the global energy shock sparked by the war is starting to hit economies. And there is more pain coming.

  • Stephen Bartholomeusz
Wall Street is brushing off the effects of the Trump chaos.

Trump’s worst nightmare is a threat to markets

Judging by Wall Street’s performance, you’d expect the US and wider world economies to be booming. But beneath the surface, all is not as it should be.

  • Jeremy Warner
Trump has made things very difficult for his new Fed chair.

Trump has handed his man a poisoned chalice

Donald Trump has finally got what he wanted, with Kevin Warsh taking over as head of the Federal Reserve. But the president’s actions will make it difficult for his hand-picked choice to deliver on his promise.

  • Stephen Bartholomeusz
Advertisement
US President Donald Trump.

‘Let it boom’: Trump finally gets his Fed pick, with uncharacteristic fanfare

Kevin Warsh is a Harvard-educated lawyer and former investment banker who has served on the Federal Reserve’s board before. But with higher inflation, rising consumer anxiety and rate expectations, will he be a hawk or a hack?

  • Michael Koziol
Jerome Powell’s decision to hang around rather than depart quietly will inevitably incense Trump, who has said he will fire Powell if he didn’t retire when his term as chair ended.

Trump will be furious as an old foe digs in his heels

Fed chair Jerome Powell has long been one of Donald Trump’s favourite targets. But he might have the last laugh after a historic move that will incense the president.

  • Stephen Bartholomeusz
Jerome Powell speaks in his final post-meeting press conference as chairman of the US central bank.

‘Unprecedented attacks’: Fed chair takes aim at Trump as he vows to stay on board

Jerome Powell says the Trump administration has put the independence of the nation’s central bank at risk.

  • Christopher Rugaber
Kevin Warsh as he testified during his nomination hearing.

No ‘sock puppet’? What to expect from Trump’s pick for the Fed chair

Kevin Warsh, the US president’s nominee to be the next chair of the Federal Reserve, faced a grilling at his nomination hearing in Congress. Here’s what we learned.

  • Stephen Bartholomeusz