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 Monetary Policy 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 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…
Mumbai, July 5 (IANS) After ending the week on a firm note, India’s benchmark indices are expected to remain on a positive trajectory, with experts saying the Sensex could move towards the 79,000 mark and the Nifty may target 24,600 if they manage to sustain above crucial resistance levels in the coming sessions.In the previous week, the Indian stock market concluded with solid gains, supported by strong domestic macroeconomic indicators and improving investor sentiment.Robust GST collections, b…
New Delhi, June 22 (IANS) Easing Middle East tensions and recent policy measures by the Reserve Bank of India and the government have eased near‑term stress on the Indian rupee, a report said on Monday.The report from Elara Securities said the domestic currency could appreciate against the American dollar in H1 FY27, as current account pressures reduce and flows improve, keeping the rupee oscillating within a 93‑95 range.If the US Federal Reserve raises rates, as expected with a 50 basis‑p…
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 5 (IANS) The reforms, rewards and resilience seen in the RBI MPC decisions can result in potential capital flows of $40 billion, which can pull back the rupee to 92-93 level against US dollar, an SBI Research report said on Friday, adding that it expects rate pause in RBI’s August policy.“We believe RBI will continue to look through inflation prints before taking a considerate call of a potential rate hike. We continue to believe that growth considerations could trump a more …
New Delhi, June 3 (IANS) As global economic growth slows down amid the West Asia crisis, India is projected to register 6.3 per cent growth in 2026–27 (FY27) and 6.4 per cent in 2027–28 (FY28), the Organisation for Economic Cooperation and Development (OECD) said on Wednesday.In the emerging-market economies, China’s growth is projected to ease from 5.0 per cent in 2025 to 4.5 per cent in 2026 and 4.3 per cent in 2027, as energy-related vulnerabilities and real estate sector adjustments we…
New Delhi, May 18 (IANS) Markets will face pressure from rising rates and currency headwinds, impacting rate‑sensitive sectors such as banking, real estate and capital‑intensive industries, a report said on Monday.The report from Systematix Institutional Equities said as wholesale inflation surged in April and the rupee risks breaching Rs 100 and official CPI forecasts will soon touch 6 to 7 per cent.”The latest Rs 3 per litre fuel price hike, following the Prime Minister’s austerity appea…