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The Latest Breaking News from Jerome Powell

How Big Will the Fed Rate Cut Be This Fall?

A dismal July jobs report has lifted expectations for fall rate cuts. How low could the fed funds rate be by year's end?

Kiplinger

Jim Cramer Has Blunt Message for Fed Chair Powell After July Job Numbers Tanked

In light of a disappointing jobs report released on Friday, Jim Cramer has urged the Federal Reserve to implement a cut in interest rates.

Benzinga

Robert Kiyosaki: Donald Trump Just 'Fired the Marxist Fed' To Make America the Crypto Capital

Author Robert Kiyosaki has shared his perspective on the future of the U.S. Federal Reserve, considering the current advancements in cryptocurrency policy.

Benzinga

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The Federal Reserve's power: Congress giveth and Congress can taketh away

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

Fortune

Good, mad and ugly: the US economy’s performance under Trump – in charts

Despite president’s claims of an economic boom, picture is chaotic – resilient GDP growth but weak jobs figures

The Guardian - US

A vacancy on the Fed is opening early as Trump urges board to 'assume control' if Powell doesn't cut rates

The 12 voting members of the FOMC make interest rate decisions based on a simple majority vote.

Fortune

Federal Reserve Governor Adriana Kugler Resigns, Handing Trump A Key Vacancy Ahead Of Powell's Term End

Adriana Kugler, a Federal Reserve governor, is stepping down from her position on August 8. Kugler, who joined the Fed in September 2023, was expected to serve until January 31, 2026.

Benzinga

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Trump news at a glance: ‘credibility’ of US economics data at risk, say experts, as president fires labor official

Trump’s own former statistics chief denounces move as ‘groundless’ and ‘dangerous’. Key US politics stories from Friday 1 August at a glance

The Guardian - US

US Fed Governor To Resign Early At Critical Time For Central Bank

US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates.

International Business Times

Everyone’s watching Jerome Powell as warnings flash for the U.S. economy

“The July jobs report goes a long way toward providing the evidence of a weaker labor market that the Fed needs to justify cutting interest rates in the face of above-target inflation,” said Brian Rose at UBS Global Wealth Management.

Fortune

Bond ETFs Could Catch A Tailwind From Jobs Data

The U.S. job market created only 73,000 jobs in July, according to the Bureau of Labor Statistics. Additionally, downward revisions to May and June resulted in the elimination of a whopping 258,000 jobs. That means the U.S. saw the weakest tri-monthly employment print since the pandemic, according to Bloomberg. That’s…

Benzinga

Trump calls on Fed board to take control from Powell over interest rates

The US president has hurled insults at Jerome Powell, renewing calls for the Federal Reserve to slash interest rates.

Al Jazeera

Bitcoin, Ethereum, XRP Struggle After Underwhelming Jobs Report: Will A September Rate Cut Save The Bull Run?

The odds of a Federal Reserve interest rate cut in September surged following a surprisingly weak U.S. jobs report, reigniting bullish sentiment across crypto markets heading into a traditionally volatile trading season.

Benzinga

Economists Flip To Trump's Side After Jobs Data–And Jerome Powell Is Now In Trouble

Just two days after Fed Chair Jerome Powell refused to pre-commit to a September rate cut, the U.S. labor market did it for him.

Benzinga

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The Guardian - US

Trump steps up attacks on Fed’s independence amid interest rates row

US president called on top Fed officials to seize control from chair Jerome Powell if he fails to cut interest rates

Fortune

Shockingly bad jobs report reveals a monthslong stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’

“September is a lock for a rate cut, and it might even be a 50-basis-point move to make up the lost time.”

Fortune

Dow tumbles more than 500 points as job numbers shock Wall Street and tariff 'panic' sets in

Trump, meanwhile, continues to beat the drum against Fed chair Jerome Powell.

The Conversation

Trump’s new tariff regime has begun after months of chaos and uncertainty. But is his approach working?

The beginning of August marks the latest deadline for US president Donald Trump’s “liberation day” tariff policy. This era of chaos and uncertainty began on April 2 and the situation remaims fluid. With the deadline for partners to secure a deal with Washington now passed, it’s a good time to…

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Benzinga

Labor Market Is Cracking–And Trump Now Threatens Fed Takeover

The U.S. labor market just offered the first major reality check on President Donald Trump's tariff-driven economic uncertainty—and it's not the message investors or the White House were hoping for.

Roll Call

Trump uses lavish ballroom, pro wrestling legend to move past Epstein saga - Roll Call

President Trump needed an assist this week moving beyond the Epstein scandal. WWE legend Triple H came in to make the save.

The Guardian - US

US adds just 73,000 jobs in July amid pressure from Trump’s trade war

July jobs growth slowed amid rising signs that Trump’s tariffs are weighing on trade, prices and hiring

Benzinga

Trump Demands Fed Board Remove Chair Jerome Powell, But Polymarket Traders Aren't Buying It

Prediction markets show minimal belief that Donald Trump will attempt to remove Federal Reserve Chair Jerome Powell by the end of August, despite the former president's latest attack on Powell via Truth Social.

Benzinga

Freddie Mac Says 30-Year Mortgage Slips To 6.72%, But Jerome Powell's Cautious Rate Tone Fuels 'Higher For Longer' Fears, Pressuring Housing Market

The average rate on a 30-year U.S. mortgage ticked down to 6.72% this week, returning to its level from three weeks ago and offering only modest relief to buyers squeezed by record prices and high borrowing costs, Freddie Mac said. The 15-year fixed rate also eased to 5.85%.

Fortune

Jamie Dimon doubles down on backing Powell despite Trump criticism, saying an independent Fed means lower rates

"Independence keeps interest rates lower, if you actually look through the history of interest rates a little bit," Dimon says.

Benzinga

Peter Schiff Slams Fed's Blind Spot: Jerome Powell 'Looking Through' Soaring Inflation While Policy Remains 'Far Too Loose'

Economist Peter Schiff is criticizing the Federal Reserve for its handling of inflation, arguing that the central bank is underestimating persistent price pressures.

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