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Powell made clear he believes the Fed can remain independent despite attacks from the Trump administration.

Chair Jay Powell says robust growth and steadying jobs market show borrowing costs are not ‘restrictive’

Trump’s federal troop deployment to U.S. cities is costing about $93 million a month, according to the Congressional Budget Office.

Greenback rebounds after Treasury secretary rejects speculation that Washington is intervening to boost yen

Strong earnings appear to quiet demands from Wall Street to justify up to $135bn in capital expenditures

Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI

Plus, more on gold