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The Latest Breaking News from Jerome Powell

Jerome Powell sends point-by-point response to White House about Fed office renovations

And addresses speculation about VIP dining rooms and elevators, marble facades and water fountains.

Fortune

Elizabeth Warren fears Trump's next Fed pick won't have the 'brains and guts' to stand up to him

Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.

Fortune

Fed Governor Christopher Waller Calls For 25 Bps Cut In July, Cites 'Stall Speed' Jobs Data—Says Tariff-Driven Inflation Shouldn't Stop Easing As Trump Pressures Jerome Powell

Federal Reserve Governor Christopher Waller just made the case for cutting interest rates at the Federal Open Market Committee's July meeting.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess

Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.

Benzinga

What To Know About Trump's Effort To Oust Fed Chair Powell

US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters.

International Business Times

Federal Reserve's Waller says central bank should cut rates at next meeting

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts

The Independent UK

Federal Reserve says building renovation complies with law, defends costs

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans

The Independent UK

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Businesses are already passing the cost of tariffs onto consumers, Federal Reserve survey finds

Prices are expected to rise even more by late summer, the Federal Reserve said

The Independent UK

Stocks rise Thursday after strong corporate earnings reports

Stocks closed higher on Thursday, thanks to a slew of positive corporate earnings reports and better-than-expected economic data.

Fortune

White House seeks inspection of Fed building as Trump piles pressure on Powell

US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquarters

The Guardian - US

FTSE 100 closes up despite ‘harsh’ UK jobs data

The FTSE closed up 46.09 points, 0.5%, at 8,972.64.

Evening Standard

‘The independence of the Fed is absolutely critical’: Jamie Dimon warns Trump against firing Jerome Powell

Markets drop, Trump walks back, repeat.

We Got This Covered

Death to Big Bird

Plus: Jerome Powell on Trump's kill list, conservatives embrace speech restrictions, homeschooling heat, and more...

Reason

Who Appointed Jerome Powell and Can President Trump Fire Him? What You Need to Know

Jerome Powell, appointed by Trump, faces firing threats. Legal limits and market risks loom. Legal hurdles and recent backtrack suggest it's unlikely, but tensions remain.

International Business Times UK

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We Got This Covered

Season 576 of ‘Trump forgot again’ as the president publicly rewrites his decision and dumps the script on Biden

Someone needs to start writing these things on his hands now.

Fortune

The changing nature of startup employment, OpenAI’s e-commerce ambitions, and Powell’s future

It has been, to say the least, a wild week in the private markets. I’m taking you briefly inside my reporter’s notebook.

Fortune

For one hour, investors got a taste of a new world where the Fed is run by a ‘stooge’—and they hated every minute of it

A noncredible chair would face resistance from inside the Fed, former Fed Vice Chair Richard Clarida says.

Benzinga

US Stocks Likely To Open On A Mixed Note: Netflix, PepsiCo, TSM Earnings In Focus

U.S. stock futures were swinging between gains and losses on Thursday after ending higher on Wednesday. Futures of major benchmark indices were mixed.

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news in one place.

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The Guardian - AU

House passes aid and broadcasting cuts – as it happened

This blog is now closed

The Independent UK

Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell

World shares are mostly higher while U.S. futures are mixed after President Donald Trump rocked Wall Street by saying he had “talked about the concept of firing” the head of the Federal Reserve

Euronews

Trump considered firing Fed Chair but said he is 'highly unlikely' to do so

President Donald Trump rocked Wall Street temporarily by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so, ”unless he has to leave for fraud”.

Benzinga

Bitcoin, Ethereum, Dogecoin Climb Amid Trump-Powell Turbulence: Analyst Says BTC Could Reach $3 Trillion Market Cap By Year-End If This Happens

Leading cryptocurrencies rose alongside stocks on Wednesday as President Donald Trump denied that he plans to remove Federal Reserve Chair Jerome Powell.

International Business Times

Asian Stocks Struggle As Traders Eye Fed Saga, Trade War

Asian markets fluctuated Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve.

The Guardian - US

Trump news at a glance: Musk mocks ‘Epstein hoax’ claims after president blasts its ‘stupid’ believers

Musk says Trump should release files and ‘point out which part is the hoax’ as the president struggles to contain crisis within Maga base. Key US politics stories from Wednesday 16 July at a glance

The Independent UK

‘Surprised’ Trump appears to forget he appointed Powell as Fed chair before blaming Biden for keeping him on

Seeming gaffe comes a day after he fabricated a story about his uncle and Unabomber Ted Kaczynski

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