U.S. central bank
U.S. President Donald Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell.
The dollar steadied in Asian trade on Thursday after the Federal Reserve stepped back from a more aggressive policy tightening path.
The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for the United States’ third-largest lender.
The dollar remained on the defensive on Thursday, having tumbled after the Federal Reserve raised interest rates as expected, but left its rate outlook for the coming years unchanged.
Wall Street held onto modest gains on Wednesday after the Federal Reserve kept interest rates unchanged.
Trump said he was considering tapping both Jerome Powell and John Taylor to serve in top posts at the U.S. central bank.
Gold held steady on Thursday, supported by a weaker dollar and lingering concerns over North Korea.
U.S. employers hired more workers than expected in July and raised their wages, signs of labour market tightness that likely clears the way for the Federal Reserve.
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