The Latest Breaking News from Jerome Powell

Dollar also recovers after Monday’s sell-off prompted by Donald Trump’s attack on Federal Reserve chair

Analysts expressed a high degree of nervousness at the prospect that Powell might be replaced by someone who would give Trump more direct political control over the Fed.

June S&P 500 E-Mini futures (ESM25) are up +0.98%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.05% this morning, signaling a rebound from yesterday’s sell-off on Wall Street, while investors await comments from Federal Reserve officials and a raft of corporate earnings reports, with a particular focus on…

Trump has urged the Fed lower interest rates immediately

US president Donald Trump has been increasingly calling for the Federal Reserve to lower interest rates, claiming that there is "virtually no inflation", as energy and grocery prices continue to decrease considerably.

Despite putting multiple colleges and universities under pressure since taking office, President Donald Trump has selected two schools to speak at next month

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

President says it’s not possible to have trials for everyone he wants to deport and that US would otherwise be a ‘very dangerous country’

Growth forecasts for most advanced countries have been cut, as IMF warns that trade tensions will hurt economic activity

Gold’s record $3500 an ounce amid a continued flight from safe haven US assets today provided the focus in a resilient session for the FTSE 100 index.

Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low.