Jerome Powell: Steering the US Fed through COVID-19 and political pressures
Trump’s aggressive push for interest rate cuts shaped Powell’s Fed legacy during his tumultuous leadership.
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Trump’s US Fed nominee Warsh vows independence, says he’s no ‘sock puppet’
Kevin Warsh’s confirmation hearing shines spotlight on doubts over his independence as Trump pushes again for rate cuts.
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Iran war’s big winners: Wall Street, weapons firms, AI and green energy
The global economic outlook for 2026 looks grim if the Iran war continues, but some industries are booming.
Trump threatens to fire Fed Chair Powell if he doesn’t step down by May 15
In a Fox Business interview, Trump says he will fire Powell if he does not vacate his board seat when his term ends.
![The confirmation hearing from Kevin Warsh, Trump’s pick to be Powell’s potential successor is scheduled for next Tuesday [File: Kent Nishimura/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/04/2025-07-24T214447Z_34146845_RC28TFAVNX5J_RTRMADP_3_USA-TRUMP-FED-1776262869.jpg?resize=770%2C513&quality=80)
IMF cuts global growth forecast during Hormuz blockade
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.
US judge upholds decision to toss subpoenas into Fed Chair Jerome Powell
Judge Boasberg says Trump administration’s arguments ‘do not come close to convincing Court’ of subpoenas’ legitimacy.
From: NewsFeed
Panama Papers: 10 years on
It’s been 10 years since the Panama Papers leak exposed how the world’s richest hide their wealth.
Published On 3 Apr 2026
French police make two more arrests over foiled attack on Bank of America
Prosecutors investigating suspected link to Iran war due to similarities with other recent attempted attacks in Europe.
France opens probe into suspected attack on Bank of America in Paris
Police arrest suspect before setting off explosive device outside US bank’s headquarters.
US Fed keeps interest rates steady amid economic uncertainty, Iran war
The US Federal Reserve keeps rates steady at 3.5–3.75 percent amidst a cooling labour market and Iran pressures.
![The federal reserve held rates steady for the second time of 2026 [Kevin Lamarque/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/03/2026-03-18T184722Z_1921493521_RC267KATAUUB_RTRMADP_3_USA-FED-1773860311.jpg?resize=770%2C513&quality=80)
US judge nixes two subpoenas against Federal Reserve chair Jerome Powell
Judge James Boasberg ruled US prosecutors under Trump produced ‘essentially zero evidence’ to justify the subpoenas.
