Federal Reserve Chairman Jerome Powell spoke at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, on July 1, 2025, at 9:30 a.m. ET (3:30 p.m. IST). The panel, moderated by Bloomberg’s Francine Lacqua, focused on the global economy amid policy shifts, featuring Powell alongside ECB President Christine Lagarde, Bank of England … Read more
Federal Reserve Chair Jerome Powell Testifies Before Senate Banking Panel Amid Tariff and Rate Cut Debates Washington, D.C., June 27, 2025 — Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025, addressing critical issues like inflation, interest rates, and the … Read more
Mario Centeno, a European Central Bank (ECB) Governing Council member and outgoing Bank of Portugal governor, stated in a June 22, 2025, interview with Italy’s La Stampa that the euro-area economy remains weak and requires “further stimulus” from the ECB to achieve stable 2% inflation. Despite eight interest rate cuts in the past year, Centeno … Read more
Federal Reserve Governor Christopher Waller indicated that the central bank could begin cutting interest rates as early as July 2025, provided inflation continues to ease and economic data remains favorable. In a CNBC “Squawk Box” interview on June 20, 2025, Waller stated that he does not expect tariffs proposed by the Trump administration to significantly … Read more
In a transformative shift for Nigeria’s energy landscape, the nation’s petrol import bill plummeted by 54% in the first quarter of 2025, dropping from N3.81 trillion in Q1 2024 to N1.76 trillion, according to the National Bureau of Statistics (NBS). This dramatic decline, also reflecting a 47% reduction from N3.3 trillion in Q4 2024, is … Read more
On May 23, 2025, financial expert Dave Nadig warned of an “absolute tsunami” of exchange-traded funds (ETFs) set to flood the market, with up to 3,000 new ETFs expected to launch within a month, nearly doubling the current 4,000 ETFs. This unprecedented surge, driven by a Securities and Exchange Commission (SEC) rule change allowing mutual … Read more
Washington, D.C., Could 22, 2025: The U.S. Treasury Division has formally confirmed plans to part out manufacturing of the penny, with its remaining order for penny blanks positioned this month, in response to a press release reported by the Wall Avenue Journal. The USA Mint will stop manufacturing new pennies as soon as the prevailing … Read more
Federal Reserve Chair Jerome Powell faces a difficult scenario as President Donald Trump has repeatedly labeled him “Mr. Too Late” for his cautious method to rate of interest changes. This criticism, voiced in April 2025, stems from Trump’s push for preemptive fee cuts to stimulate the economic system, significantly in response to his tariff insurance … Read more
Federal Reserve Holds Curiosity Charges Regular at 4.25%–4.5% Amid Tariff Uncertainty Washington, D.C., Might 7, 2025 – The Federal Reserve introduced on Might 7, 2025, that it might preserve its benchmark federal funds price within the vary of 4.25% to 4.5%, marking the third consecutive assembly with no change. The choice, broadly anticipated by markets … Read more
Federal Reserve Faces Uncertainty at Might 2025 Assembly: What to Anticipate Washington, D.C., Might 7, 2025 – The Federal Open Market Committee (FOMC) concludes its two-day assembly at this time, Might 7, 2025, amid heightened financial uncertainty pushed by President Donald Trump’s aggressive tariff insurance policies and their potential to disrupt inflation and employment. Economists … Read more