Scott Bescent, US Treasury secretary, said he would not criticise the Federal Reserve chairperson and said the Trump administration was not focused on whether the Fed would cut its benchmark policy rate. Mr. Bescent's comments were notable given Mr. Trump's frequent criticisms of Jerome Powell, the Fed chairperson, during his first term as president, when he regularly called for interest rate cuts and explored the possibility of "firing" Mr. Powell. "I'm not going to make any comments on monetar...
The Fed, Mr. Collins said, would not rule out easing in December. The economy is in very good shape. Modest easing is appropriate at the right time. There is no evidence of new price pressures. Tariffs could be a driver of inflation.
Federal Reserve Chairperson Jerome Powell: If asked to resign, I will not resign.
Federal Reserve Chairperson Jerome Powell has said he will not step down as chairperson of the Federal Reserve even if Trump asks.
Harris, the US vice-president, said she would not stop fracking if elected president, reversing her previous opposition to much of the current US oil and gas production technology. "As vice-president, I have not banned fracking," Harris said in an interview on Thursday, her most explicit statement on the issue since becoming a Democratic candidate. "As president, I will not ban fracking." Previously, Trump said Harris had led the US "ban on fracking".
Fumio Kishida, Japan's prime minister, said on Wednesday that he would not seek to remain in office as the country welcomes a new leader this autumn. Mr. Kishida, 67, has strengthened ties with the United States and South Korea during his three years in office, nearly doubling Japan's defense spending under his leadership. But at home, his popularity has been hit by political funding scandals and relatively high inflation. Mr. Kishida told a news conference that he would not seek re-election in ...
Coinbase said in a statement that the exchange will not be performing the migration of Ocean Protocol (OCEAN) and Fetch.ai (FET) on behalf of users, but plans to continue to support trading of each asset until further notice. Coinbase said it will allow users to migrate through self-custodial wallets, including but not limited to Coinbase Wallet. Coinbase said the token merger would support "all major software wallets". Coinbase does not support transactions for Singularity NET (AGIX), the third...