A major banker has spoken up about the recent fuss around the Federal Reserve's boss. He thinks it's a bad idea to mess with the Fed's freedom to make decisions. The Fed's leader recently said some big shots in the government are giving them a hard time. They're saying he didn't tell the whole trut
India's central bank is taking a wait-and-see approach. The governor, Sanjay Malhotra, recently shared that the country's interest rates are in a neutral zone. This means they're not too high or too low. The bank's next move will depend on how the economy grows and how prices change. In a chat with
Trump has been sharing his plans to make things cheaper for regular Americans. He wants to lower mortgage rates and cap credit card interest rates. But not everyone thinks these ideas will work well. He suggested buying $200 billion in mortgage bonds to bring down mortgage rates. He also wants to l
The economic landscape is at a critical juncture, with the Federal Reserve's independence facing unprecedented challenges. The central bank's mandate to maintain stable inflation and a robust labor market is being tested like never before. Inflation has been hovering around 2. 7%, a figure that mig
President Donald Trump made a stop in Detroit, aiming to highlight his economic plans and rally support ahead of the midterm elections. His visit included a tour of Ford's Dearborn Truck Plant and a speech to the Detroit Economic Club. This was Trump's third time addressing the group, which consists
Senator Elizabeth Warren from Massachusetts has a strong message for her Democratic colleagues. She believes the party should not soften its progressive stance to please wealthy donors. With important elections coming up in 2026, Democrats have a choice to make. Warren spoke at The National Press C
The United States is pushing for faster action to reduce dependence on China for critical minerals. Treasury Secretary Scott Bessent is set to discuss this with finance officials from several countries. These nations together make up 60% of the global demand for these minerals. The urgency comes fr
The US is pushing other countries to act fast on reducing their dependence on China for rare minerals. This is a big deal because these minerals are used in many important things, like defense tech, batteries, and renewable energy. A senior US official said that the US Treasury Secretary will talk
In a surprising shift, the Trump administration seems to be moving away from the idea of 50-year mortgages. Bill Pulte, head of the Federal Housing Finance Agency, hinted that this option is no longer a top priority. Instead, the focus is on stopping big investors from buying up single-family homes.
President Donald Trump recently proposed a temporary 10% cap on credit card interest rates. This idea was shared on his social media platform, Truth Social. He wants this cap to start on January 20, which is the one-year mark of his return to the White House. However, he didn't explain how this cap
