A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.

Ghana's central bank held an emergency meeting on Thursday to review economic data and market developments, but did not discuss its key policy rate, Governor Johnson Asiama said, adding the main meeting is in 10 days.

Central Bank of India's Return On Assets (RoA) crossed the mark of 1%, increasing by 20 basis points year-on-year to 1.02%, while its Return on Equity (RoE) increased by 157 basis points to 14.17%.

Powell sent a letter Thursday to Powell sent a letter to Office of Management and Budget Director Russ Vought in response to OMB director's letter last week criticizing the chairman's management of the $2.5 billion renovation, which is $700 million over budget, CNN reported.

Ghana's central bank said on Friday that an emergency meeting of its Monetary Policy Committee on Thursday had considered whether to take immediate action but held off until a regular meeting later this month.

The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory filing.

David Solomon, Brian Moynihan and Jane Fraser speak out, joining defenders of the U.S. central bank.

Silver has outperformed gold this year with hints of Russian central bank buying and interest from members of the BRICs group seeking a U.S. dollar trade alternative

On Monday, the city-state reported preliminary growth of 4.3% for the second quarter compared to a year earlier, pegged to the front-loading of exports during a pause in U.S. tariffs. The trade ministry in April downgraded the city-state's GDP forecast for 2025 to a range of 0% to 2%, down from 1% to 3%.

The escalating campaign by Donald Trump against the Federal Reserve chairman is unnerving the global economy. Ron Insana and Max Chafkin discuss on The 11th Hour.