Washington, June 6 (IANS) President Donald Trump has hailed stronger-than-expected US jobs growth in May, saying the latest employment figures showed the economy was outperforming forecasts despite ongoing tensions with Iran. Speaking at an agriculture roundtable in Chippewa Falls, Wisconsin, on Friday (local time), Trump said the US economy added 172,000 jobs in May.”For the third month in a row, the jobs numbers … smashed all expectations,” Trump said.He said economists had projected far few…
Latest Kevin Warsh News & Updates
Washington, May 23 (IANS) President Donald Trump has said that Iran was eager to reach a deal with the United States but warned that Washington would continue to pressure Tehran because “Iran cannot have a nuclear weapon”.Trump made the remarks on Friday at the White House during the swearing-in ceremony of new Federal Reserve Chairman Kevin Warsh, where he mixed economic messaging with comments on national security and America’s military posture.”We have the greatest military in the world,” the…
Washington, May 23 (IANS) President Donald Trump swore in Kevin Warsh as Chairman of the Federal Reserve Board and said he would restore confidence in the US’ Central bank.Speaking at the White House East Room ceremony on Friday, Trump called Warsh “one of the truly great chairmen of the Federal Reserve that we’ve ever had”.”He’s respected by everybody, and that’s so important in that position,” the US President said.Warsh took the oath of office from Supreme Court Justice Clarence Thomas before…
Mumbai, April 21 (IANS) Gold and silver prices declined on Tuesday amid prevailing global uncertainty, with both precious metals trading lower by up to around 1 per cent.On the Multi Commodity Exchange (MCX), gold contracts for June 5 were trading at Rs 1,53,415, down 0.34 per cent or Rs 528. The yellow metal was at Rs 1,53,585 per 10 grams, a decline of Rs 358 or 0.23 per cent, at around 11:55 a.m. It touched an intraday high of Rs 1,53,992.On the other hand, silver futures contracts for May 5 …
New Delhi, April 16 (IANS) Indian households have between 11–16 per cent of all the gold ever mined above ground, more than the combined national reserves of the United States, Germany, Italy and Russia, a report said on Thursday, ahead of Akshaya Tritiya on April 19.Recent price swings after nomination of Kevin Warsh as US Federal Reserve only show a short‑term correction and structural demand persist, digital investment platform InCred Money said in a note.The note said that one in every t…
Mumbai, Feb 6 (IANS) World’s largest cryptocurrency Bitcoin extended losses on Friday, falling over 6 per cent to about $66,198 as risk aversion, heavy liquidations, weakness in technology stocks, and fears of tighter US monetary policy rattled investors.Bitcoin saw its sharpest single‑day decline since late 2024 on Thursday when it slid 12.6 per cent to roughly $63,300, its lowest level since October 2024, wiping out billions of asset value in dollar terms, multiple reports said.Analysts sa…
Mumbai, Feb 5 (IANS) Gold prices fell moderately on Thursday after two days of surge, while silver posted a sharp fall of over 8 per cent.MCX gold February futures fell 0.98 per cent to Rs 1,51,552 per 10 grams around 10.25 am on an intraday basis. Meanwhile, MCX silver March futures plummeted 8.39 per cent to Rs 2,46,283 per kg. Gold and silver prices had risen around 6 per cent in the early morning trade but failed to sustain those levels. Analysts said that the fall in gold and silver at the …
Mumbai, Feb 2 (IANS) Gold and silver extended their decline on Monday, as hike in margin requirements are set to take effect on Chicago Merchantile Exchange (CME) in the US.MCX gold February futures fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile MCX silver March futures dipped 6.88 per cent to Rs 2,47,386 per kg.Analysts said the free fall of gold and silver from their record highs started after the US President Donald Trump selected Kevin Warsh as the next US Fe…
Mumbai, Jan 31 (IANS) Gold and silver prices saw a meltdown this week, amid dollar strengthening and aggressive profit booking from investors after an unprecedented rally in metal.MCX gold February futures dipped 9 per cent while MCX silver March futures slid down 25 per cent on Friday. Currently gold futures stand at Rs 1,49,075, while silver futures at Rs 2,91,922 per kg.The price of 10 gram 24-carat gold was at Rs 1,65,795 down from Rs 1,75,340 of previous day’s close, according to data publi…
Washington, Jan 30 (IANS) President Donald Trump on Friday said he will nominate Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System. “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,” Trump said in a statement.Trump pointed to Warsh’s current academic and professional roles. He said Warsh “currently serves as the Shepard Family Distinguished Visiting Fellow in Econom…