Federal Reserve cuts interest rates, and earns another blast from Trump – as it happened

The US Fed votes to cut interest rates for the second time this year, but president Trump wants more Jerome Powell gives press conferenceLatest: Trump says Fed has no gutsBreaking: Fed cuts rates by 25 basis pointsBullard wanted deeper cut; George and …

Read more

Central banks were always political – so their ‘independence’ doesn’t mean much | Larry Elliott

The separation of monetary and fiscal policy serves the neoliberal status quo. It won’t survive the next crashIndependent central banks were once all the rage. Taking decisions over interest rates and handing them to technocrats was seen as a sensible …

Read more

The Federal Reserve must be honest about Trump’s trade war

US central bank risks reputation with Americans if it pulls its punches with the White HouseWilliam Dudley, the immediate past president of the Federal Reserve Bank of New York, recently stirred up a hornet’s nest when he called for the Fed to consider…

Read more

Markets edgy as Fed’s Jerome Powell makes key speech – business live

Rolling coverage of economics, business and markets as the Federal Reserve chair speaks at Jackson HoleBREAKING: China unveils tariffs on US goods worth $75bnRBS and Santander rapped over PPI failuresInvestors in Kevin McCloud’s projects told they face…

Read more

Can the Fed’s chair shake off the wolves of Wall Street and White House?

Trump may howl for stimulus but the put-upon Federal Reserve chief Jerome Powell has his hands tiedDonald Trump is not known for his love of 12th-century English history but there are echoes of the clash between Henry II and Thomas Becket in the presid…

Read more

World stocks rally as Trump steps up pressure on Fed to cut rates

President tweets demand for 1% reduction and more QE as markets look to central banks to bolster global economyStock markets have been boosted by the growing prospect of more stimulus measures by central banks and governments across the world as Donald…

Read more

‘Strong economy through 2020’: Trump and advisers insist no looming recession

Peter Navarro and Larry Kudlow dispute market indicatorsTariffs are hurting China not US, trade aide insists Donald Trump’s chief trade advisers insisted on Sunday the US is not facing a recession which markets appear to fear and which could cost the p…

Read more