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Kevin Warsh (Photo credit-AP) Kevin Warsh, a longtime Republican economic adviser and former Federal Reserve governor, has been confirmed as the next chair of the US Federal Reserve after a closely fought Senate vote. President Donald Trump selected Warsh to replace Jerome Powell following years of public disagreements with the outgoing Fed chief over interest…
Kevin Warsh has been confirmed as the next chair of the US Federal Reserve after the Senate approved President Donald Trump’s nominee in a narrow 54-45 vote. Warsh, 56, will replace Jerome Powell after years of increasingly public clashes between Powell and Trump over interest rates. Trump repeatedly criticised Powell for refusing to aggressively cut…
SAN DIEGO: President Donald Trump nominated Cameron Hamilton Monday to lead the Federal Emergency Management Agency, a surprising comeback for the former Navy SEAL who was fired from his role as FEMA’s temporary leader last year after he defended its existence.His nomination comes as the Trump administration has increasingly signalled it is backing away from…
File photo: Unidentified women move through the camp holding family members of suspected Islamic State militants in the Roj Camp in eastern Syria Australian authorities on Thursday arrested three women with alleged links to the Islamic State group after they returned from Syria with their children, with police preparing slavery and terrorism-related charges against them.According…
MUMBAI: Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships. The transaction will strengthen Federal Bank’s retail strategy with a sharper push in the non-co-branded segment. and provide access to a seasoned, high-quality customer base. The…
Jerome Powell (AP file photo) US Fed Federal Open Market Committee (FOMC) meet: Jerome Powell-led US Federal Reserve on Wednesday kept the interest rates unchanged in the 3.5-3.75% range citing upside risks to inflation in view of the rising global energy prices.“Developments in the Middle East are contributing to a high level of uncertainty about…
Gold has retreated sharply from its record peak, declining by nearly 26 per cent, or around Rs 53,000 per 10 grams, from its all-time high of Rs 2,02,984 on the MCX. In recent sessions, the metal has largely moved within a narrow range, with the absence of fresh catalysts keeping prices directionless. Although gold has…
Gold and silver began the week on a weaker note on the Multi Commodity Exchange of India on Monday. The decline came as rising crude oil prices intensified inflation concerns and strengthened expectations that interest rates could remain elevated for an extended period, particularly with US-Iran negotiations still at an impasse. Hopes of renewed diplomatic…
Amid rising scrutiny, TP-Link’s CEO Jeffrey Chao is applying for U.S. permanent residency via a $1 million visa program, a move that coincides with ongoing federal investigations into his firm. The investigations, conducted by the Commerce, Justice, and FTC departments, are fueled by worries that Chinese authorities might pressure TP-Link to support cyber threats. Jeffrey…
Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…
