The Latest Breaking News from Jerome Powell

Fed rate-cut odds surge toward 90% as weak labor data, ADP losses, and Challenger layoffs fuel Wall Street hopes for a December move despite a divided FOMC.

As powerful as America’s central bank is, it’s still just one player in a globe-spanning ocean of financial markets.

The dollar index (DXY00 ) on Monday fell to a 2-week low and finished down by -0.05%. The yen’s strength is weighing on the dollar on Monday after BOJ Governor Ueda signaled a possible interest rate hike at this month’s policy meeting. Also, Monday’s weaker-than-expected Nov US ISM manufacturing index...

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

The dollar index (DXY00 ) today is down by -0.33% at a 2-week low. The yen's strength is weighing on the dollar today after BOJ Governor Ueda signaled a possible interest rate hike at this month's policy meeting. Also, today's weaker-than-expected Nov US ISM manufacturing index is bearish for the...

Kevin Hassett, the National Economic Council (NEC) Director, addressed the speculation about his potential nomination as the next Federal Reserve Chair by President Donald Trump.

After reporters asked if it's Kevin Hassett, a smiling Trump said: "I'm not telling you."

“The S&P 500 would need to rise by just 2.2% to reach 7,000. That could happen this coming week, in our view.”