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Jerome Powell and Donald Trump have a tempestuous relationship.

‘Nobody knows’: Trump has left an old foe in the dark

Federal Reserve chair Jerome Powell has effectively acknowledged that the central bank hasn’t a clue what the impact of the Iran war might mean for the US economy.

  • Stephen Bartholomeusz

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A trader works on the floor of the New York Stock Exchange.

ASX falls as miners slump; Investors brace for RBA rate rise

The Australian share market has retreated as the Middle East conflict continues to cast a heavy shadow over global markets, while oil prices rose again.

  • Staff writers
US President Donald Trump.

Trump is holding the world hostage

The globe’s leading central banks, including Australia’s RBA, are meeting this week and face a dilemma they have been desperate to avoid.

  • Stephen Bartholomeusz
President Donald Trump speaks to reporters as War Secretary Pete Hegseth listens while travelling aboard Air Force One to Miami on the weekend.

War is over soon? Markets’ faith in Donald Trump is misplaced

Donald Trump and his War Secretary, Pete Hegseth, have given conflicting accounts of the state of the war in Iran. Who is right matters for markets and economies.

  • Stephen Bartholomeusz
Economic pressures have increased on Iran since Donald Trump returned to office in 2025.

GFC 2.0? Trump is taking a big risk with America’s banks

The Donald Trump administration is close to finalising a new set of rules for its banks as it looks to turbocharge US economic growth. The consequences could be damaging.

  • Stephen Bartholomeusz
Trump has a unique way of interpreting economic data.

Trump’s ‘Golden Age’ is still a fairytale

The US president doesn’t seem to understand what the latest economic numbers mean for one of his biggest promises.

  • Stephen Bartholomeusz
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The high-profile tech stocks that survived the dot-com crash prospered. Crypto investors will be hoping for a similar story.

The looming D-Day that has sent shivers through Wall Street

It is becoming apparent that a critical moment for markets may not be too far away.

  • Stephen Bartholomeusz
Kevin Warsh has big plans for the Fed.

Trump’s new man could spark a financial meltdown

Donald Trump’s choice to lead the Federal Reserve has a big plan for the central bank. It comes with a lot of risk.

  • Stephen Bartholomeusz
Wall S

ASX hit hard as plunge in gold, silver deepens

A sharp drop in gold and silver prices extended on Monday, dragging down the Australian sharemarket as key markets across the region fell.

  • Staff reporter
In announcing his decision to choose Warsh, the president described him as “central casting”.

Trump’s hand-picked man may not do his bidding

On paper, the president’s choice to lead the Federal Reserve is an odd one.

  • Stephen Bartholomeusz