President Trump is laying the groundwork to replace Federal Reserve Chair Jerome Powell as soon as he can. With less than a ...

A key section of the US president’s One Big Beautiful Bill Act has been dropped but the fate of a global deal that took ...

He was subsequently elevated to chairman by President Donald Trump (succeeding Janet Yellen) and renominated to the position by President Joe Biden. Powell built his reputation in Washington during ...

Lawmakers thwart an international tax on U.S. companies that Janet Yellen and Joe Biden never should have allowed.

The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign ...

The provision, officially known as Section 899 and informally known as the “revenge tax,” was drafted by House Republicans ...

The prime minister and the treasurer have been lobbying Treasury Secretary Scott Bessent to drop the tax, which threatened ...

The US and other countries reached an agreement to exempt US-based companies from some corporate taxes that were part of a ...

A report that the US President could name the new head of the central bank early raises concerns over its independence.