Kevin Warsh was confirmed as Federal Reserve chair on Wednesday, May 13, 2026, placing President Donald Trump’s nominee at the center of a high-stakes debate over inflation, interest rates and the independence of the U.S. central bank. The Senate approved Warsh in a 54–45 largely party-line vote, clearing the way for the former Federal Reserve official to succeed Jerome Powell. The confirmation followed uncertainty tied to a Justice Department investigation involving Powell, whi

Stalled Iran talks push costs to four-year high Gasoline prices across the United States climbed sharply on Tuesday, April 28, 2026, reaching their highest level in four years as stalled negotiations between Washington and Tehran fueled a surge in global oil markets. According to AAA, the national average price for a gallon of regular gasoline rose to $4.18, marking the h

The Trump interest rate controversy has taken a new turn after Kevin Warsh firmly denied being pressured by US President Donald Trump regarding monetary policy. His testimony has sparked fresh debate over the independence of the Federal Reserve and political influence on economic decisions. What happened and why it matters On April 22, 2026, Kevin Warsh s

The U.S. labor market showed signs of recovery on Friday, April 4, 2026, as new data revealed stronger-than-expected job creation in March, even as broader indicators pointed to continued fragility in hiring conditions. According to the Bureau of Labor Statistics, nonfarm payrolls increased by 178,000 in March, surpassing expectations of 59,000 and rebounding from a revised decline of 133,000 in Feb

Job growth at the start of 2026 exceeded expectations, offering reassurance that the U.S. labor market remains resilient despite months of subdued hiring and broader economic uncertainty. Fresh data from the Bureau of Labor Statistics showed nonfarm payrolls increased by 130,000 in January, well above economists’ forecasts of 55,000 and marking a notable improvement from December’s revised gain of 48,000. The stronger hiring figures were accompanied by a modest decline in the un

Gold and silver prices fell sharply on Friday as markets reacted to growing expectations that Kevin Warsh will be nominated as the next chair of the Federal Reserve, a development that appeared to ease concerns about the central bank’s long-term independence. The sell-off marked a sudden reversal for precious metals, which have enjoyed a powerful rally over the past year amid global uncertainty and a weaker U.S. dollar. By early afternoon in U.S. trading, silver prices had dropped

US President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell on Thursday following the central bank’s decision to leave interest rates unchanged, accusing him of delaying necessary rate cuts and undermining the nation’s economic strength, national security and global competitiveness. The comments came shortly after the Federal Open Market Committee announced it would maintain its benchmark interest rate, a move that aligned with market expectations but drew strong poli

The Supreme Court on Wednesday is considering a case with wide-ranging consequences for both the US economy and the balance of power within the federal government, as it reviews President Donald Trump’s attempt to remove Federal Reserve board member Lisa Cook. The dispute centers on whether a sitting president has the authority to dismiss a member of the central bank’s governing board and what legal standards must be met for such a decisi

The Dow Jones Industrial Average surged to another record close on Tuesday, buoyed by a series of strong corporate earnings reports that reinforced investor optimism about the resilience of major U.S. companies. Gains from household names such as Coca-Cola, 3M, and General Motors helped the blue-chip index climb even as technology shares lagged, reflecting a rotation from growth stocks into more traditional sectors. The 30-stock Dow rose 218.16 points, or 0.47%, to finish at 46,924.

Gold, the most closely watched safe-haven asset, slipped from its record peak this week, sparking fresh debate among investors and traders. The decline in 22-carat and 24-carat gold prices has been tied to three key factors: the strengthening US dollar, cautious Federal Reserve signals, and anticipation around upcoming economic data. Despite the retreat, gold remains under the spotlight as global uncertainty keeps demand resilient.

A federal appeals court has ruled that Lisa Cook, a governor at the United States Federal Reserve, will remain in her position for now despite efforts by former President Donald Trump to remove her. The ruling from the US Court of Appeals for the District of Columbia Circuit came just before a major Federal Reserve meeting scheduled to begin on Tuesday, where policymakers are expected to weigh critical decisions on interest rates. Trump has sought to dismiss Cook from her role, accu

Lisa Cook, appointed as a Federal Reserve governor by President Joe Biden in 2022, has become embroiled in a political and legal controversy. President Donald Trump recently called for her removal from the Fed, citing allegations of mortgage fraud. This decision has sparked widespread debate about political interference in the independence of the Federal Reserve, an institution that plays a crucial role in shaping US monetary policy and regulating the financial

In a move that has ignited a political storm in India, Union Home Minister Amit Shah introduced the Constitution (130th Amendment) Bill in the Lok Sabha, which has sparked widespread controversy and heated debates. The Bill proposes that any Prime Minister, Chief Minister, or minister who is arrested and remains in custody for more than 30 days due to charges carrying a jail term of five years or more should be removed from office. This legislation has led to

Asia-Pacific markets on Tuesday opened on a cautious note, largely mirroring the overnight declines seen on Wall Street as investors turned their attention toward the upcoming United States Federal Reserve meeting. The Fed gathering is expected to provide more clarity on the central bank’s stance on interest rates and inflation, which has been a driving factor for global equity markets over the past months. Alongside monetary policy concerns, global inves

Stock futures rose sharply on Thursday following an announcement from President Donald Trump that the United States and the United Kingdom have finalized a major trade agreement. This development sparked enthusiasm across Wall Street, especially in technology stocks, and contributed to a strong premarket rally. Futures tied to the Dow Jones Industrial Average gained 303 points, a 0.7% increase, while futures on the S&P 500 and Nasdaq

Millions of borrowers with defaulted federal student loans will soon face renewed consequences as the U.S. government resumes collections. The Department of Education has confirmed that, beginning May 5, it will refer defaulted loans to the Treasury Department’s offset program. This program allows the government to garnish wages, withhold tax refunds, and seize portions of Social Security checks to collect unpaid student debt. These measures officially end the collections pause introduced

Non-Resident Indians have long played the role of cultural ambassadors, but their economic contribution is now more vital than ever as India navigates an increasingly turbulent global landscape. Amid rising trade tensions and monetary uncertainties, the Reserve Bank of India has acknowledged that NRI remittances and investments are not just sentimental gestures but strategic assets. The RBI, in its recent monthly bulletin, noted that with the right policy support, India can transform global v