The Latest Breaking News from Jerome Powell

With President Donald Trump brokering a ceasefire between Israel and Iran, the major indices have predictably swung higher. Still, this normalization shifts the fundamental spotlight back to the economy, where an underlying truth cannot be avoided: many consumers are struggling amid significant challenges. From a pragmatic perspective, this dynamic could…

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that the central bank continues to monitor the threat of inflation.

It was a rocky start to the truce, but a temporary halt to fighting between Israel and Iran appears to be holding for now.

Fed Chair Jerome Powell told Congress he expects an inflation surge—but how long and how high is unknown.

Hackers connected to the Iranian government have a history of trying to attack U.S. government agencies and the financial sector.

Federal Reserve Chair Jerome Powell told Congress Tuesday that while inflation has cooled from its 2022 peak, it remains “somewhat elevated,” and the central bank is not ready to adjust interest rates, yet.

Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’

Markets expect one or two rate cuts later this year, possibly starting in September, but Powell gave no firm commitment.

US Federal Reserve Chair Jerome Powell will tell Congress Tuesday that the central bank can afford to wait for the impact of tariffs before deciding on further interest rate cuts -- despite President Donald Trump's calls to do so.

Trump claimed that Americans will be paying for Powell’s “incompetence” for years to come, while the FOMC has maintained it needs greater clarity before lowering the base rate.

September S&P 500 E-Mini futures (ESU25) are up +0.67%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.89% this morning as sentiment got a boost after U.S. President Donald Trump announced a ceasefire between Israel and Iran.