Federal Bank MD Shyam Srinivasan

No one knows how Tuesday's presidential election will turn out, but the Federal Reserve's move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends its two-day meeting Thursday afternoon, yet that uncertainty would have no effect on its decision to further reduce its benchmark rate. The Fed's future actions, though, will become more unsettled once a new president and Congress take office in January, particularly if Donald Trump were to win the White House again. Trump's proposals to impose high tariffs on all imports and launch mass deportations of unauthorised immigrants and his threat to intrude on the Fed's normally independent rate decisions could send inflation surging, economists have said. Higher inflation would, in turn, compel the Fed to slow or stop its rate cuts. On Thursday, the Fed's policymakers, led by Chair ..

Federal Bank's stock price surged up to 4.1 per cent at Rs 174.60 per share on the BSE in Wednesday's intraday deals

Five-member jury chooses him for consistency of performance

Shyam Srinivasan, Federal Bank's managing director and chief executive officer, said the bank has shed bulk deposits worth Rs 25 billion in the first quarter and that will boost performance.