The Fed prioritizes shrinking its balance sheet over rate cuts to fight inflation. See why its disciplined approach supports growth, jobs, and long-term stability.

A witness has told the trial of two brothers accused of assaulting police of an earlier incident at Manchester Airport.

Mohammed Fahir Amaaz, 20, and Muhammad Amaad, 26, are on trial at Liverpool Crown Court. Two brothers used a “high level of ...

The new budget bill is a plan for large tax cuts, which will mostly benefit higher earners, combined with cuts to social ...

We're highlighting recent top stories and the latest forecast to start your day on this Thursday, July 3, 2025.

The president has been trashing Powell for weeks as the central bank chairman has refused to cut interest rates.

The US House of Representatives has advanced Donald Trump’s “big beautiful bill” toward a final yes-or-no vote, with the legislation passing its last procedural hurdle after hours of negotiation.

Chancellor Rachel Reeves had a tearful moment during a fiery session in parliament yesterday, with financial analysts spooked ...

US President Donald Trump said on Wednesday that Jerome Powell, the chair of the Federal Reserve, should “resign immediately, ...

The president has repeatedly criticised Jerome Powell for not cutting rates but has sent mixed signals about removing him ...

President Donald Trump escalated his feud with Federal Reserve Chairman Jerome Powell on Wednesday when he called on Powell ...

In the latest escalation in the feud between President Donald Trump and Fed Chair Jerome Powell, the president called for Powell to "resign immediately." ...