The Latest Breaking News from Jerome Powell

The decision by the US Supreme Court to rule most of Donald Trump’s “liberation day” tariffs illegal will have far-ranging consequences for the president’s economic agenda. Although the administration will find other ways to increase tariffs, their usefulness as a weapon of economic warfare will be diminished. And the issue…

Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a move that would likely spur further attacks by President Donald Trump

“The paper is an embarrassment,” Kevin Hassett fumed on CNBC, calling it “the worst paper I’ve seen in the history of the Federal Reserve System.”

Officials are split over how weak the labor market is and whether businesses will continue to pass along tariff-related costs to consumers.

Here's what financial experts think mortgage rates will look like in 2026 now that the Fed has cut rates three times in 2025. Not much changes for good or ill.

“Such confusion often leads to inertia, and we suspect that there will be no knee-jerk policy reaction to any of the week’s reports,” Oxford Economics’ Bob Schwartz wrote.

Economists predicted a slight easing of inflation, although it’s unclear whether Fed will again cut interest rates

Some analysts are worrying that the latest number might be wrong, and that the level of job creation in America is lower than the stats suggest.

“Low-hire, low-fire” is so 2025-coded as January suggests companies may actually be hiring in 2026. This jobs report made Maria Bartiromo say, “Wow.”