Donald Trump called Jerome Powell a ‘numbskull’ for keeping interest rates high. Trump believes Powell’s policies hurt the housing market. He also suggested Powell might be politically motivated. Treasury Secretary Scott Bessent criticized the Fed’s spending on building renovations. Bessent wants the Fed to focus on its core monetary policy duties.
AU Small Finance Bank shares rally 5% as Q1 PAT jumps 37% to Rs 796 crore, NII up 32% YoY
AU Small Finance Bank share price jumped 5% after it reported a 37% year-on-year rise in net profit to Rs 796 crore for the June