Browsing: Central Bank

The Federal Reserve kept Jerome Powell in a temporary chair role while Kevin Warsh awaits the oath after the Senate confirmation vote.

The Federal Reserve cut its benchmark rate to 3.75-4.00%, the lowest in three years, as job growth slows and inflation remains elevated.

Gold could reach $5000 if Federal Reserve independence is undermined, Goldman Sachs warns amid soaring demand and global uncertainty.

Jerome Powell firmly rejects White House claims of wasteful spending on the Federal Reserve renovation, citing transparency and unavoidable cost increases.

Russia has increased its daily gold purchases by 700%, allocating 8.2 billion rubles per day from September 6 to October 4, according to the country’s Finance Ministry.