US Vice President Vance: Don't think we allow bureaucrats to make monetary policy decisions

US Vice President (VP) JD Vance, in an interview with USA Today on Thursday, confirmed the end of the Federal Reserve’s (Fed) autonomy.

Vance noted: "I don't think we allow bureaucrats to make decisions about monetary policy and interest rates without any input from the people that were elected to serve the American people...POTUS is much better able to make these determinations."

Aug 29, 2025

Australian Dollar edges higher amid dovish tone surrounding Fed policy

The Australian Dollar (AUD) moves little against the US Dollar (USD) on Friday, following three days of gains. However, the AUD/USD may further appreciate as the US Dollar (USD) could struggle amid renewed dovish sentiment surrounding the Federal Reserve (Fed) policy outlook.

China’s NDRC says will expand consumption, optimizing investment structure

The National Development and Reform Commission of the People's Republic of China (NDRC) said on Friday that they are aware that household consumption capability and confidence need to be improved. China’s State Planner added that they will expand consumption and optimize investment structure.