The Latest Breaking News from Jerome Powell

The Federal Reserve is widely expected to lower interest rates by 25 basis points later on Wednesday, bringing the federal funds target to 4.00%-4.25%—a policy shift that, while highly anticipated, may offer little fuel to a stock market already trading at all-time highs if history is any guide.

The dollar has put in such a feeble performance this year that it has begun to hurt foreign investors in U.S. assets.

The Federal Reserve is expected to cut rates on Wednesday at the Federal Open Market Committee meeting for September.

But it won't be enough to help most Americans afford a home.

These stocks could all break out following a rate cut.

The Federal Reserve is in a nearly impossible spot right now.

Here’s what to expect as Fed Chair Jay Powell and the FOMC head into a highly anticipated meeting, where investors have priced in a rate cut of 25 basis points almost unanimously.

Markets will move on Wednesday after Wall Street parses Cook’s statement and his Q&A for clues about future rate cuts beyond Wednesday.

Trump failed to oust Fed Governor Lisa Cook and is unlikely to get the steep rate cut he demands, as Powell and the FOMC weigh weaker jobs data.