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The Reserve Bank of India has appointed Rohit Jain as Deputy Governor, effective May 3, for a three-year term. The specific portfolio he will oversee has not yet been disclosed, making his role assignment the key detail to watch post-appointment.
The RBI moved 104 tonnes of gold to domestic vaults, raising India-held reserves to around 510 tonnes out of a total 880 metric tonnes. A rally in gold prices lifted the metal's share of India's forex reserves to 16.7%, up from 13.92% six months ago. The repatriation continues a trend the RBI started in 2022.
Jerome Powell said he will stay on the Federal Reserve board as a governor after his chairmanship ends May 15, though he did not say for how long. His continued board presence means he retains a vote on US interest rate decisions even after stepping down as chair.
The Federal Reserve kept interest rates unchanged but logged its highest level of internal dissent since 1992. That level of disagreement among policymakers signals a real split on the path ahead for rates. Markets will watch closely for clues on whether a policy shift may come sooner than expected.
The Federal Reserve is expected to hold interest rates steady at its Wednesday meeting. It is likely Jerome Powell's final meeting as Fed chair. The decision and any forward guidance will be closely watched given the pending leadership change.
The Justice Department dropped its criminal investigation into Fed Chair Jerome Powell over a Federal Reserve renovation project, U.S. Attorney Jeanine Pirro announced Friday. No charges were filed. Powell remains in his role, removing a legal overhang on the Fed's leadership.
Tag
The Reserve Bank of India has appointed Rohit Jain as Deputy Governor, effective May 3, for a three-year term. The specific portfolio he will oversee has not yet been disclosed, making his role assignment the key detail to watch post-appointment.
1mo ago · 2 min · Policy & Government
The RBI moved 104 tonnes of gold to domestic vaults, raising India-held reserves to around 510 tonnes out of a total 880 metric tonnes. A rally in gold prices lifted the metal's share of India's forex reserves to 16.7%, up from 13.92% six months ago. The repatriation continues a trend the RBI started in 2022.
2mo ago · 1 min · Economy
Jerome Powell said he will stay on the Federal Reserve board as a governor after his chairmanship ends May 15, though he did not say for how long. His continued board presence means he retains a vote on US interest rate decisions even after stepping down as chair.
2mo ago · 1 min · Global Affairs
The Federal Reserve kept interest rates unchanged but logged its highest level of internal dissent since 1992. That level of disagreement among policymakers signals a real split on the path ahead for rates. Markets will watch closely for clues on whether a policy shift may come sooner than expected.
2mo ago · 1 min · Markets
The Federal Reserve is expected to hold interest rates steady at its Wednesday meeting. It is likely Jerome Powell's final meeting as Fed chair. The decision and any forward guidance will be closely watched given the pending leadership change.
2mo ago · 1 min · Economy
The Justice Department dropped its criminal investigation into Fed Chair Jerome Powell over a Federal Reserve renovation project, U.S. Attorney Jeanine Pirro announced Friday. No charges were filed. Powell remains in his role, removing a legal overhang on the Fed's leadership.
2mo ago · 1 min · Global Affairs
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