The Latest Breaking News from Jerome Powell

Labor department's data upset may have sealed the deal for a base rate cut

The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.

Fortune · Aug 4, 2025

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 · Aug 4, 2025

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 · Aug 3, 2025

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 · Aug 2, 2025

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 · Aug 2, 2025

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 · Aug 1, 2025

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 · Aug 1, 2025

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 · Aug 1, 2025

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 · Aug 1, 2025

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 · Aug 1, 2025