The Latest Breaking News from Jerome Powell

Federal Reserve chair wasn’t fazed by Trump’s attempt to bully him in front of press

The July Fed meeting came and went, with Fed Chair Powell saying little about a September rate cut and President Trump.

Amid heightened political tensions in Washington, the Bank for International Settlements (BIS) sounded the alarm this weekend. The aim was to highlight the crucial importance of central bank independence at a time when the US Federal Reserve is under unprecedented political pressure.

U.S. long-term interest rates remain elevated in July 2025, with the long bond futures in a two-year consolidation range that is closer to technical support than resistance. When the long bond futures eventually break higher or lower, the move will impact markets across all asset classes.

President Donald Trump plans to visit the Federal Reserve as his allies scrutinize its expensive building renovations

Donald Trump is due to visit the US Federal Reserve Thursday as the president escalates his pressure on its chairman Jerome Powell over the central bank's management of the economy.

The executive branch wants to use the Federal Reserve as a tool to accommodate the government's frenzy of reckless borrowing.

Previous presidential visits to the Fed symbolized respect for its independence. Trump’s stop comes after repeated attacks on interest rate policy and a public clash over renovation costs, raising fresh concerns about political pressure on the central bank.

The US president and the central bank have clashed over a $2.5bn renovation and its ongoing refusal to cut interest rates

President Donald Trump is set to visit the Federal Reserve on Thursday, as per the White House. This visit is seen as a direct escalation of Trump’s ongoing pressure on the Fed and its Chairman, Jerome Powell.

The successor to the first stock market index is getting up there with the S&P 500 and the Nasdaq Composite in all-time-high territory.