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Legal Shockwave: Trump Administration’s Indictment Threat Intensifies Standoff With Fed Chair Powell

                                                       Federal Reserve Chair Jerome Powell A dramatic new chapter has opened in the long‑running conflict between President Donald Trump and Federal Reserve Chair Jerome Powell. Powell disclosed that the Department of Justice issued grand jury subpoenas to the Federal Reserve and warned him of a potential criminal indictment tied to his testimony before the Senate Banking Committee last June. The testimony in question involved a US$2.5 billion renovation project for Federal Reserve office buildings—an initiative the Trump administration has repeatedly criticized as excessive. Powell described the legal move as a pretext aimed at pressuring the central bank to cut interest rates more aggressively, a demand Trump has made for years. The threat marks an unprecedented escalati...
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UK Bonds Experience Worst Start to a Year on Record

 


UK bonds have experienced the worst start to a year on record, following an unexpected surge in inflation. 

The Bloomberg Sterling Aggregate Bond Index is down over 3% this month, more than any other sovereign market. The UK isn’t the only place where investors are rethinking their aggressive bets on interest-rate reductions. Traders in the US and Europe have also moderated their expectations. 

The turbulence in the bond market has brought home how vulnerable markets are. The Bank of England is now caught between a rock and a hard place, as the clear path the market was painting for a steady reduction in interest rates this year may have to be re-visited .


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