New York Federal Reserve President John Williams on Wednesday stressed the importance of central bank independence as President Donald Trump looks to exert control over monetary policy. In a CNBC interview, the influential policymaker avoided commenting directly on Trump’s efforts to fire Fed Governor Lisa Cook, but did note the important economic role the central…
Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, the policymaker did not share the market’s enthusiasm for a cut, sparked after Chair Jerome Powell’s keynote speech earlier in the morning stating that current conditions “may warrant”…
Federal Reserve Chair Jerome Powell delivered his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming. He indicated that conditions “may warrant” interest rate cuts as the Fed proceeds “carefully.” Markets have been looking to Powell to provide strong hints about a September interest rate cut. For their part, the…
NEW DELHI: Isro unveiled a model of the Bharatiya Antariksh Station (BAS) module, on the occassion of the national Space Day celebrations held at Bharat Mandapam on Friday.The BAS, which will be India’s first home-built space station, is set to have its first module launched by 2028. This will place India among a select group…
NEW DELHI: Astronaut Shubhanshu Shukla on Friday shared a breathtaking timelapse video of India from space, offering citizens a glimpse of his journey aboard the International Space Station (ISS).Posting the clip on X, Shukla wrote: “Watch the video in landscape with screen brightness high. While on orbit I tried to capture pictures and videos so…
Federal Reserve Chair Jerome Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave during one of the most tumultuous times in its history. What’s at stake is the near-term sentiment for financial markets, the longer-term path of the Fed’s policy trajectory, and a not…
Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed. The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections…
Treasury Secretary Scott Bessent said Tuesday he will begin interviewing candidates for Federal Reserve chair as soon as the White House whittles down what has suddenly become a crowded field. In a CNBC “Squawk Box” interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates, an array that includes past…
Astronaut Subhanshu Shukla, along with astronaut Prashant Balakrishnan Nair, receives grand welcome from Union space minister Jitendra Singh, Delhi CM Rekha Gupta and and Isro chairman V Narayanan at the Delhi airport NEW DELHI: Following his historic mission to the International Space Station (ISS), Indian astronaut Shubhanshu Shukla received a red-carpet welcome at Delhi’s IGI…
NEW DELHI: A cloudburst in Jammu and Kashmir’s Kathua district has left at least seven people dead and several others injured, triggering landslides, flash floods and large-scale disruption. The incident, which occurred late Saturday night in Jodh Ghati village, washed away roads, damaged homes, and forced authorities into urgent rescue and relief operations.Train services along…
