Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that “inflation is a choice” and pledged that persistently high price growth would not continue under his leadership, signalling that restoring price stability remains the US central bank’s overriding priority despite uncertainty over artificial intelligence, geopolitical tensions and other economic risks.Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing…
Latest Kevin Warsh News & Updates
Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has enlisted former Reserve Bank of India Governor Raghuram Rajan to help review the US central bank’s balance sheet, as part of a sweeping reform programme aimed at reshaping monetary policymaking after years of elevated inflation. The appointment drew praise from Senate Banking Committee Chairman Tim Scott during Warsh’s first semiannual monetary policy hearing before Congress on Wednesday (local time), where the Republican lawmak…
Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that the United States is witnessing the biggest wave of business investment in a generation, driven largely by artificial intelligence (AI), and predicted that the technology would ultimately create jobs, lift productivity and strengthen the American economy despite short-term disruption. Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing since taking of…
Washington, July 15 (IANS) US Federal Reserve Chairman Kevin Warsh told Congress that the central bank would bring inflation under control, as policymakers held interest rates steady and signalled a sweeping review of monetary policy practices.Making his first appearance before Congress as Fed chairman, Warsh said the Federal Open Market Committee had maintained the federal funds rate in a range of 3.5 per cent to 3.75 per cent at its June meeting.“The members of our committee have no toleranc…
Washington, July 15 (IANS) US Federal Reserve Chairman Kevin Warsh has pledged to protect the central bank’s independence as Democratic lawmakers pressed him on whether he would resist political pressure from President Donald Trump over interest rates. Warsh faced repeated questions about the relationship between the White House and the Federal Reserve during his first appearance before the House Financial Services Committee on Tuesday (local time) since becoming chairman.”Do you work for Donald…
Washington, June 7, (IANS) US President Donald Trump on Sunday expressed confidence in newly appointed Federal Reserve Chair Kevin Warsh on Sunday, saying he was “fantastic” and should make his own decisions on monetary policy, while arguing that the US Central bank should lower interest rates rather than raise them despite a stronger-than-expected jobs report. In an exclusive interview with NBC’s Meet the Press, Trump said he did not intend to pressure Warsh as he prepares to chair his first Fe…
New Delhi, June 6 (IANS) Bitcoin fell below $60,000 for the first time since October 2024, extending a broad reversal that has seen the largest cryptocurrency lose more than half its value from an October peak above $126,000.The cryptocurrency slid as much as 7 per cent to $59,101, and was trading at $59,743.21 apiece early on Saturday.Bitcoin is suffering from liquidity shifts especially by institutional investors and capital rotation into sectors drawing fresh investor attention such as artifi…
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…
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…