The Latest Breaking News from Jerome Powell

Senate votes 48-47 to confirm Stephen Miran as Fed governor but court rules Cook may remain in place

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal Reserve's board -- as the clock ticks down to a key policy meeting.

With markets convinced of a Fed rate cut, Powell must navigate divisions inside the FOMC over inflation, tariffs, and jobs data.

Caught between economic uncertainty and political pressure, the Federal Reserve will decide this week whether to begin cutting interest rates after nine months — and by how much.

September S&P 500 E-Mini futures (ESU25) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.08% this morning, pointing to a slightly higher open on Wall Street amid optimism ahead of a widely expected interest rate cut from the Federal Reserve later this week.

While there is little doubt about the outcome of the Fed meeting, there are still questions over who exactly will be voting.

The world will be watching this week as the US Federal Open Market Committee meets, concluding with an interest rate announcement Wednesday afternoon.

Markets face their most pivotal week in months as the Federal Reserve's September 17-18 meeting arrives Wednesday afternoon, with Chair Jerome Powell's 2:30pm press conference potentially reshaping the investment landscape.

Federal Reserve Governor Lisa Cook is challenging President Donald Trump's effort to remove her after documents surfaced indicating one of her properties was listed as a vacation home, casting doubt on allegations of mortgage misrepresentation.

The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market -- but political tension looms over the gathering.

"The fact that the 30-year Treasury yield didn’t fall immediately is weird and worrying. It took very weak payrolls to finally do that."