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The Latest Breaking News from Jerome H Powell

Trump’s top economic adviser wants the Fed to punish its researchers. But the study that rattled him isn’t going anywhere

How dare they speak facts?

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Why the world’s central bankers had to speak up against Trump’s attacks on the Fed

Central bankers from around the world have issued a joint statement of support for US Federal Reserve Chair Jerome Powell, as he faces a criminal probe on top of mounting pressure from US President Donald Trump to resign early.

The Conversation

Fed Chair Jerome Powell Faces US Investigation as Central Banks Rally—A Warning Sign?

Fed Chair Powell faces a US criminal probe, sparking rare global central bank support and raising concerns over political pressure, economic stability, and the future of monetary independence.

International Business Times UK

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Visa Stamps the Dow's 398-Point Slide: Stock Market Today

It's as clear as ever that President Donald Trump and his administration can't (or won't) keep their hands off financial markets.

Kiplinger

The world's most powerful central bankers are rallying behind Jerome Powell

It's a rare and significant global show of force backing the Fed chair.

Axios

Trump threatens to revoke citizenship of naturalized immigrants convicted of fraud - as it happened

This live blog is now closed.

The Guardian - US

Jerome Powell says DOJ served him with subpoenas, claims it’s really about one thing Trump wants

Trump just did something no president has ever done to the Fed.

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Jerome Powell Warns Donald Trump Using Criminal Probe As 'Pretext' To Kill Fed Independence

Federal Reserve Chair Jerome Powell reveals a criminal investigation and grand jury subpoenas linked to his testimony on Fed matters, framing the move as political pressure from the Trump administration.

International Business Times UK

A Breakable Regime

Plus: Wealth tax barely understood by its proponents, Jerome Powell investigated, why sobriety sucks, and more...

Reason

Gold price soars to new record as US Federal Reserve faces fresh threats

The metal climbed by around 2% on Monday morning to a high of 4,600 US dollars (£3,415) per ounce, beating a previous record set in late December.

Evening Standard

The uniting theme of Trump’s presidency? Ineptitude

From deportations to human rights to the economy, the president’s actions have resulted in mayhem. Here’s a sampling

The Guardian - US

Fed Chair Powell Not Expecting Imminent Recession

Economists discuss potential recession, Federal Reserve's response, and Powell's optimism in the current economic climate.

Top News

Budget blueprint may take a back seat to debt limit in House - Roll Call

House Budget Chairman Jodey C. Arrington said Congress needs to lift the debt ceiling and impose fiscal controls “immediately".

Roll Call

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Roll Call

Fed chair to speak to House GOP lawmakers Wednesday - Roll Call

Federal Reserve Chair Jerome H. Powell is set to visit Capitol Hill and will attend the Republican Study Committee's weekly lunch.

Los Angeles Times

Michael Hiltzik: The Fed's anti-inflation work is almost done, with an assist from the banking crisis

The Federal Reserve Board may owe the banking crisis a thank-you note.

Los Angeles Times

Michael Hiltzik: The Fed's errors have brought the economy to the brink of recession. Raising rates again might send it over

The Federal Reserve system was stung in late 2021 when it declared signs of emerging inflation to be "transitory" and delayed taking strong action to tamp down price increases.

Los Angeles Times

Doyle McManus: Silicon Valley Bank's collapse may be a blessing in disguise

In the brief but spectacular collapse of Silicon Valley Bank, we may just have witnessed the best banking crisis ever.

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Los Angeles Times

Commentary: Beyond saving Silicon Valley Bank’s depositors, here’s what needs to happen next

Before Thursday, Silicon Valley Bank was regarded as being in “sound financial condition.” But on that day it experienced attempted withdrawals of $42 billion, about a third of its U.S. deposits. By close of business, the run on the bank made it incapable of paying its obligations as they came…

Los Angeles Times

Michael Hiltzik: With demands for a bank bailout, Silicon Valley shows its 'small government' mantra was just a pose

For decades, the dominant mantra of Silicon Valley's powerful has been that government is just a drag on their innovative spirit. Get regulators off our backs, they've argued, and we'll improve people's lives to an indescribable degree.

Los Angeles Times

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Los Angeles Times

Michael Hiltzik: A panicky Federal Reserve is driving us into an unnecessary recession

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…

Los Angeles Times

Michael Hiltzik: Did the pandemic finally give working Americans power over their employers? Not really

Labor advocates have been feeling their oats lately, what with a surge of successful union organizing drives at Starbucks stores, the hint of union interest at Amazon warehouses, higher minimum wage standards in cities and states across the country, and a nudge up of average wages across the board.

Los Angeles Times

Here’s why the US economy shrinking in the 2nd quarter may not be so bad

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

Los Angeles Times

Fed orders biggest interest rate hike since 2000 to combat inflation

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation.

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