The Latest Breaking News from Jerome Powell

U.S. President Donald Trump was seen slurring his words on a live broadcast, 'freezes' at times, and calls Federal Reserve Chair Jerome Powell, 'Fed Hair,' and 'stiff.'

Factcheck.org takes a look at President Donald Trump’s Dec. 9 campaign-style economic speech in Pennsylvania.

“Since this rate cut was no surprise, the markets have taken it in stride,” 43-year mortgage industry veteran Melissa Cohn told Fortune.

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Jerome Powell said most consumer consumption comes from the rich. “The top third accounts for way more than a third of the consumption ... So it’s a good question how sustainable that is.”

December S&P 500 E-Mini futures (ESZ25) are down -0.35%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.65% this morning as Oracle rekindled worries about the massive spending tied to artificial intelligence, overshadowing optimism over the Federal Reserve’s latest interest-rate cut.

Asian shares are mixed after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate

The Federal Open Market Committee lowered the federal funds rate for the third meeting in a row despite elevated inflation.

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.