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The Latest Breaking News from Jerome Powell

Goldman economists on the Gen Z hiring nightmare: ‘Jobless growth’ is probably the new normal

“History also suggests that the full consequences of AI for the labor market might not become apparent until a recession hits.”

Fortune

Stock Index Futures Plunge as China Retaliates in U.S. Trade War, Powell’s Speech and Big Bank Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are down -1.18%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -1.65% this morning as sentiment weakened after China hit back at the U.S. on shipping.

Barchart

Stocks Set to Open Sharply Higher as Trump Tempers Tariff Threats, Powell’s Remarks and Big Bank Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are up +1.38%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.84% this morning, signaling a rebound from Friday’s sell-off on Wall Street as sentiment improved after U.S. President Donald Trump softened his stance on tariff threats against Beijing.

Barchart

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Fed’s Chris Waller says he had a ‘great interview’ to succeed Jerome Powell and the labor market is ‘weak’ and ‘not doing great’

“There was nothing political about it,” the Fed governor told CNBC. “Just serious economic discussion.”

Fortune

Trump's Fed Chair Shortlist Narrows To Five Doves: Who Are They?

Following a series of intense interviews, Treasury Secretary Scott Bessent has reportedly cut President Donald Trump's list of Federal Reserve chair candidates to down to five, from an initial pool of eleven.

Benzinga

BoE Warns Of Twin Market Risks: Bursting Of AI Valuation Bubble, Loss Of Faith In Fed's Independence Could Trigger Sharp Correction

The Bank of England has warned that the loss of confidence in the U.S. Federal Reserve's independence or a reversal in AI-driven market optimism could trigger a global selloff.

Benzinga

Tom Lee Sees 'Powerful Tailwinds' Despite Goverment Shutdown, Calls Current Scenario 'The Most Hated V-Shaped Rally'

Fundstrat’s Tom Lee has expressed optimism about the U.S. economy despite the ongoing government shutdown, citing two key factors that could drive investor confidence.

Benzinga

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Trump's Tariffs And 'Dumb Policies' Are Hurting Business Demand, Says Anthony Scaramucci: Consumers Are 'Sheltering In Place'

Former White House Communications Director Anthony Scaramucci criticized President Donald Trump’s trade and tariff policies, blaming them for rising inflation, along with the slowdown in business and consumer demand.

Benzinga

Is Meta Stock a Buy or a Sell as ‘AI Bubble’ Chatter Grows?

Observers are cautioning about a possible bubble in AI. Is Meta stock a buy or a sell as the stock trades above its historical valuations on optimism over its AI business?

Barchart

Government Shutdown, OpenAI Conference and Other Can't Miss Items this Week

Markets face a week of critical catalysts including the ongoing US government shutdown impacting federal operations, Tesla's (TSLA) Full Self-Driving v14 release Monday, OpenAI's developer conference showcasing AI advancement, and Friday's September jobs report.

Barchart

Dot-Com Bubble Clone Or Bull Market? Get Ready For 1999-Style Market Melt-Up, Warns Fidelity's Timmer As He Notes 'Juicy' Similarities

The current AI-driven market boom bears “juicy” resemblances to the exuberant run-up of the late 1990s dot-com era, according to Jurrien Timmer, Director of Global Macro at Fidelity Investments.

Benzinga

The Gen Z hiring nightmare is real, but AI is a ‘lightning strike’ not a ‘house fire,’ Yale economist says

Stanford made waves with a paper saying AI is having a “significant” impact on entry-level jobs. Not so fast, Yale’s Martha Gimbel told Fortune.

Fortune

The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says

“The consensus has been wrong since January,” Apollo Global Management chief economist Torsten Sløk wrote on Wednesday.

Fortune

Federal Reserve governor will keep job for now despite Trump’s bid to remove her

Supreme court defers action on request to remove Lisa Cook from post, at least until it hears oral arguments on case

The Guardian - US

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Roll Call

Supreme Court keeps Fed’s Cook in place, sets January hearing - Roll Call

The Supreme Court said the Fed's Lisa Cook can keep her post until it hears arguments in the case about President Trump's attempt to fire her.

Fortune

What would Peter Drucker, father of modern management, have to say about AI?

The urgency facing our workers is real. Jerome Powell recently noted that new graduates, younger workers, and minorities are struggling to find jobs.

Benzinga

Goodwill CEO Says They're Preparing For A Surge Of Jobless Young People Caused By AI. 'It's Going To Hit Low-Wage Workers Especially Hard'

Goodwill Industries is bracing for a wave of unemployed Gen Z workers, CEO Steve Preston recently said, as artificial intelligence makes it harder for young Americans to land jobs.

Reason

Trump Is Filling the Fed with Loyalists

By installing Stephen Miran and eyeing more allies, Trump is positioning the central bank for aggressive rate cuts and a sharp break from its tradition of independence.

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Fortune

The blue-collar revolution isn’t just for Gen Z. Six in 10 white-collar professionals say they’d switch for the right trades job

Even Jerome Powell is wondering what happened to college, exactly: “I’m struck by how the U.S. educational attainment kind of plateaued.”

Fortune

Back in the ’90s a Fed chief warned about ‘irrational exuberance’ in the markets. Stocks rose 105% over the next 4 years

Even if Fed chairs see a market that’s overvalued, that doesn’t mean a crash is near.

Benzinga

Trump Posts Cartoon Depicting Firing Of Fed Chair Jerome Powell Amid Criticism Over Rate Policies

On Saturday, President Donald Trump shared a cartoon on Truth Social showing him firing Federal Reserve Chair Jerome Powell. In the image, Trump is seen pointing at Powell and shouting, “YOU’RE FIRED!” while Powell stands with a box of his things.

Benzinga

Economic Growth Picks Up, But Inflation Still Pressures The Fed: This Week In Markets

The U.S. economy closed the second quarter with a final GDP growth rate of 3.8% — its strongest performance since the third quarter of 2023 and above the long-term average pace.

Benzinga

What's Going On With Rocket Lab (RKLB) Stock?

Shares of Rocket Lab Corp (NASDAQ: RKLB) are trading marginally lower Friday. This week’s volatility was largely attributed to cautious remarks from Federal Reserve Chair Jerome Powell and rising oil prices, creating a risk-off sentiment that has impacted growth sectors, including aerospace.

Fortune

The Fed’s once oh-so-certain cuts for the rest of 2025 are already fading into oblivion

U.S. economic data keeps coming back stronger than expected, and frankly it’s raining on the parade for markets.

Euronews

Trump to put import taxes on pharma, home furnishings, heavy trucks

While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of his role as commander-in-chief by stating on Truth Social that the taxes on imported kitchen cabinets and sofas were needed “for national security and other reasons".

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