The Latest Breaking News from Jerome Powell

Recent data shows stagflation, stagnant growth and price inflation, is possible as economy shaken by uncertainty

The September Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. will do about interest rates.

All eyes are on the Federal Reserve ahead of next week's critical policy meeting.

Weakening labour market and higher inflation has put Fed in a ‘difficult’ position even as economists expect a rate cut.

With U.S. jobless claims surging and labor data revised sharply lower, markets see Jerome Powell locked into a September Fed rate cut despite sticky inflation.

The U.S. economy experienced inflation acceleration in August, which was largely in line with market expectations, sparking a debate as President Donald Trump declared “No Inflation!!!” on social media. That claim was promptly challenged by economist Justin Wolfers, who asked, “No inflation? Says who?”.

The Trump administration on Thursday urged the D.C. Federal Appeals Court to allow the firing of Federal Reserve Governor Lisa Cook to take effect before the central bank’s interest rate-setting meeting next week.

The U.S. Federal Reserve’s main monetary policy tool is the control of short-term interest rates through the Fed Funds Rate. The market expects the Fed to reduce rates at the September FOMC meeting, but lowering short-term rates does not guarantee that longer-term interest rates will decline.

The chair of the Federal Reserve commands one of the most powerful positions in global finance. Whoever holds the role doesn't just steer U.S. monetary policy – but shapes the trajectory of the world's reserve currency, influencing everything from the cost of mortgages in Arizona, to the price of debt…

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest rates

Job weakness and softer inflation data push markets to fully price in a September Fed cut, but Powell’s decision could spark volatility if he resists.