The Latest Breaking News from Krishna Guha

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffs

"Instead what we see, in the first month and a half of this new administration, the conflict is between the U.S. and its allies."

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe

Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.

Markets expect 0.5 percentage-point rise for first time since independence as inflation rises