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The Latest Breaking News from Jerome Powell

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

Panic Over The White House as Fed Chair Powell Confirms Trump Tariffs Mean Higher Costs And Fewer Jobs

Federal Reserve Chair Jerome Powell says President Trump's tariff policies are causing higher inflation, increased costs for households and businesses, and could weaken job creation, forcing the Fed into a delicate policy balancing act.

International Business Times UK

Kevin Hassett says he'd be happy to talk to Trump everyday as Fed chair, but the president's opinion would have 'no weight' on the FOMC

"His opinion matters if it's good, if it's based on data," Hassett said.

Fortune

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Trump demands Fed listen to him as he lines up new leader: ‘I’m a smart voice’

Ex-Fed governor Kevin Warsh is at top of his list to succeed Powell as central bank’s chair, president says in interview

The Guardian - US

Trump Claims Media Is 'Pretending' He Is 'Slowing Up' After On-Air Slurring

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.'

International Business Times UK

FactChecking Trump’s economic speech - Roll Call

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

Roll Call

What Does the Latest Rate Cut Mean for Commodity Investments?

After the latest rate cut by the US FOMC and ahead of the turn of the calendar page to 2026, has the long-term investment outlook for the commodity complex changed?

Barchart

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Retail investors drive stocks to a pre-Christmas all-time high—and Wall Street eyes a moment to sell

Retail investors are so enthusiastic for risk assets that some on Wall Street are starting to worry about it.

Fortune

House Republicans release last-minute healthcare plan; TSA defends sharing traveler names with ICE - as it happened

This live blog is now closed.

The Guardian - US

FTSE 100 up as Fed sounds softer tone than feared

After Europe’s close on Wednesday, the US central bank cut interest rates by 25 basis points as expected.

Evening Standard

Why Jerome Powell’s latest rate cut still won’t help you get a lower mortgage rate

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

Fortune

A Divided Fed

Plus: Cocaine and mustard gas, U.S. seizes oil tanker, billionaires in the White House, and more...

Reason

Fed’s Jerome Powell voices fear of K-shaped economy: ‘How sustainable it is, I don’t know’

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.”

Fortune

Stocks Slip Before the Open as Oracle Dents Sentiment After Fed Cut

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.

Barchart

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The Independent UK

Asian shares are mixed after Fed cuts rates, pushing Wall Street near its record

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

Reason

Federal Reserve Defers to Donald Trump by Cutting Interest Rates by 25 Points

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

Fortune

Top economist Diane Swonk: Jerome Powell risks losing the Fed’s credibility on a gamble over AI and immigration

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.

Fortune

Powell warns of a ‘very unusual’ economy as tariffs keep goods inflation high amid a weakening labor market

The Fed chair said underlying job growth could already be below zero, with official payroll figures overstating reality by tens of thousands each month.

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Kiplinger

Dow Rises 497 Points on December Rate Cut: Stock Market Today

The basic questions for market participants and policymakers remain the same after a widely expected Fed rate cut.

Euronews

US Federal Reserve cuts key interest rate but signals higher bar for future reductions

Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates.

Fortune

The Fed delivers a rare ‘hawkish cut’ as Powell tries to steady a softening job market

The Fed is clearly deeply divided. Three officials dissented, in opposite directions.

Axios

Fed cuts interest rates, signals pause going into 2026

President Trump has spent most of 2025 demanding lower interest rates.

The Guardian - US

Fed cuts interest rates by a quarter point amid apparent split over US economy

Divisive vote to lower rates highlights uncertainty within the Fed as economy absorbs major shakeups, including tariffs

Fortune

‘Be careful what you wish for’: Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger

Jerome Powell’s Federal Reserve will likely deliver its final cut of the year on Wednesday. But Claudia Sahm is already looking ahead.

International Business Times UK

Markets on Edge as Fed Cut Looms — And the Real Fear Comes After

Investors brace for the Fed's rate cut, but markets worry about the uncertain path and potential economic ripple effects that follow.

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