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The Latest Breaking News from Chris Waller

Why over 80% of America's top CEOs think Trump would be wrong not to pick Chris Waller for Fed chair

The dark-horse candidate may lack the White House network of other top contenders but he is perhaps the only one who can give Trump the rate cuts he wants.

Fortune

Scott Bessent said Trump could announce a new Fed chair 'before Christmas': Here's what you need to know about the leading candidates

What to know about Fed candidates Kevin Hassett, Kevin Warsh, Chris Waller and Rick Rieder.

Fortune

What CEOs say about AI and what they mean about layoffs and job cuts: Goldman Sachs peels the onion

“Companies that have discussed AI in the context of their workforce have cut their job openings more sharply this year,” economist Ronnie Walker found.

Fortune

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‘This Fed went to sleep,’ says top economist Mohamed El-Erian, who wants to see central bank reformed and presidents to ‘cool it’

Mohamed El-Erian calls for a visionary, less reactive Fed just as Trump settles on his next chair, with Hassett leading and independence fears resurfacing.

Fortune

Trump says he has a name to replace Powell—so Wall Street may need to contend with a ‘shadow Fed chair’ for the next half year

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

Fortune

Wall Street is on tenterhooks over the Fed’s ‘rare, genuinely suspenseful’ December meeting, because the committee itself doesn’t know what to make of the data—or of one another

A divided Fed meets amid mixed jobs and inflation signals, leaving Chair Jerome Powell with a suspenseful December.

Fortune

Half Yours completes historic Cups double for Melham

Jamie Melham has won the 165th running of the Melbourne Cup aboard the Tony and Calvin McEvoy-trained Half Yours in the $10 million race at Flemington.

AAP

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Buckaroo 'class' leads Waller's five-strong Cup assault

Chris Waller has likened Buckaroo's Melbourne Cup preparation to that of 2021 winner Verry Elleegant as the master trainer eyes a second win in the great race.

AAP

Local hero Half Yours carries weight of a nation

Jockey Jamie Melham's shot at history in the Melbourne Cup comes as local hope Half Yours and new favourite Al Riffa are set to enjoy soft ground at Flemington.

AAP

Cup of joy as favourite handed 'perfect' barrier draw

Co-trainer Calvin McEvoy could not have asked for a better result after Melbourne Cup favourite Half Yours drew barrier eight for the great race.

AAP

'No one better': red-hot Zahra steals show on Derby day

Mark Zahra has secured four straight wins on Victoria Derby day, piloting hot favourite Observer to victory in the $2 million Group 1 feature at Flemington.

AAP

Waller's Cox Plate 'bonus' as Via Sistina defends crown

Via Sistina has won the $6 million Cox Plate at Moonee Valley, becoming the first horse since legendary mare Winx to win the race in consecutive years.

AAP

J-Mac chases Cox Plate history aboard Via Sistina

James McDonald had a scary fall from Via Sistina before last year's Cox Plate but has enjoyed a smooth preparation for Saturday's $6 million Group 1 feature.

AAP

Wealthy millennial, Gen Z Platinum members drive American Express to record revenue: 'very comfortable paying for its exceptional value'

Platinum is morphing into "the premium lifestyle card," CEO Steve Squeri says. The market sent shares up more than 7% on the strength of the status symbol.

Fortune

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AAP

Aussies seek to topple world's fastest horse in Everest

Hong Kong star Ka Ying Rising will start an odds-on favourite for the $20 million The Everest at Randwick, but a host of Australian sprinters stand in his way.

Fortune

Goldman economists on the Gen Z hiring nightmare: ‘Jobless growth’ is probably the new normal

“History also suggests that the full consequences of AI for the labor market might not become apparent until a recession hits.”

Fortune

Fed’s Chris Waller says he had a ‘great interview’ to succeed Jerome Powell and the labor market is ‘weak’ and ‘not doing great’

“There was nothing political about it,” the Fed governor told CNBC. “Just serious economic discussion.”

Fortune

This week's Fed meeting is likely to be the most divisive in three decades, says Deutsche Bank

With markets convinced of a Fed rate cut, Powell must navigate divisions inside the FOMC over inflation, tariffs, and jobs data.

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Kiplinger

Stocks Struggle to Start Nvidia Week: Stock Market Today

Another important week for the stock market starts on a risk-off note.

Fortune

Markets are near certain of a September rate cut as more presidents turn dovish overnight

Neither president Kashkari nor president Daly—nor governor Cook—dissented at the July meeting. With governor Christopher Waller and FOMC member Michelle Bowman already lobbying for a cut, the ranks of the dovish are growing by the day.

Fortune

Who’s on Trump’s short list for Jerome Powell’s replacement

Trump confirmed Treasury Secretary Scott Bessent declined the role, saying, “I want to work with you,” while market-watchers weigh how each candidate could impact Fed independence and dollar strength.

Fortune

UBS sounds the alarm on 'stall speed' as the economy shows signs of running out of gas

It's not an immigration or population shock—fewer people are working, amid shorter hours and lower demand. “The drop in the labor force participation rate has masked how much slackening is actually taking place."

Fortune

Jerome Powell has a chance to appease Trump with a rate cut, so will he? Not likely

Analysts see signs of a shift toward easing—possibly beginning in September—but with no guarantees offered after this week's meeting.

The Guardian - US

Court blocks Trump’s ‘unconstitutional’ attempt to end birthright citizenship – as it happened

The 2-1 ruling from the ninth US circuit court of appeals brings issue one step closer to coming back before supreme court. This blog is now closed.

Fortune

Rate debate among the Fed has analysts questioning who’s ‘auditioning’ for Powell’s job already

President Trump has said he may move up the announcement of Powell's replacement, with analysts looking for public debate among FOMC members for clues as to who is "auditioning" for the role.

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