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The Latest Breaking News from Jerome Powell

No Rate Cuts Expected From US Fed Facing 'Unfavorable' Conditions

The US Federal Reserve faces a tough choice Wednesday as it contends with President Donald Trump's tariff rollout: Prioritize tackling inflation by holding interest rates high, do nothing, or stimulate growth and employment by cutting them?

International Business Times

Investors worry about Fed independence as stocks rise in China and Japan

Wall Street is almost certain that the Fed will keep interest rates steady in the 4.25-4.50% range, but analysts expect that Trump will ratchet up his attacks on Fed Chair Jerome Powell for not lowering rates.

Fortune

The Fed will likely keep interest rates on hold today, so markets will be watching for Trump’s reaction

If markets are hoping for some hints from Jerome Powell, the Fed chairman might disappoint.

Fortune

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Is Trump destroying the dollar - and what does it mean for the euro?

Controversial policies from the Trump administration are pushing investors to flee US assets. But another currency will struggle to take the dollar’s throne.

Euronews

Dollar Recovers Some Losses, Stocks Gain As Traders Eye Tariff Deals

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision.

International Business Times

S&P 500 snaps 9-session winning streak, closes down 0.6%

Markets stumbled again on Monday after an extended rally from the selloff incurred by Trump's tariffs.

Fortune

Stock Market Today: S&P 500, Dow Snap Win Streaks

Berkshire Hathaway shares tumbled after Warren Buffett said he'll step down as CEO of the holding company at the end of the year.

Kiplinger

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Powell won’t cut interest rates on Wednesday, Wharton’s Jeremy Siegel says. He suspects attacks on the Fed chair will escalate

“Powell is not going to do anything,” Siegel said in an interview. “Trump, I think, is going to step up the escalation,” he said later.

Fortune

Investors on hold for Wednesday's Fed decision as strong macro data boosts stocks globally

Buying momentum continued in Asia and European stock markets today, but all eyes are on Jerome Powell’s upcoming commentary.

Fortune

Will the Federal Reserve ignore Trump and keep rates stable this week?

While the US Federal Reserve is still under significant pressure from the Trump administration to slash interest rates, some experts believe that rate cuts may not come for another few months at least.

Euronews

Mixed economic data puts Trump’s domestic agenda at risk

ANALYSIS: Analysis: Trump gets a lucky break on jobs, but he faces several alarm bells on the economy that he won’t be able to ignore, writes Eric Garcia

The Independent UK

Elon Musk says DOGE should ‘definitely’ take a close look at the Fed

Musk criticized the Fed’s $2.5 billion remodeling of its Washington, D.C., headquarters.

Fortune

May Fed Meeting: Updates and Commentary

The May Fed meeting came and went with little fanfare as Fed Chair Powell & Co. stuck to their data-dependent script toward interest rates amid tariff uncertainty.

Kiplinger

Trump slams Powell again, claiming he knows ‘much more than he does about interest rates’

“I have a Fed person who is not really doing a good job,” the president said at a rally.

Fortune

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Al Jazeera

Trump-Amazon spat: What happened and how much US consumers import online

The White House criticised Amazon after a report said it planned to inform customers how much tariffs will cost them.

Reason

You Will Work in the Factory and You Will Like It

Plus: Amazon vs. Trump, RFK Jr. gets in trouble, and more...

The Guardian - US

US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment, which in April dropped 32% to lowest level since 1990 recession

The Guardian - US

After 100 days, Trump has destroyed Trumpism

The president’s approach: tackle problems that don’t exist via policies that won’t work

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International Business Times

Financial Markets May Be The Last Guardrail On Trump

Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors.

Reason

Trump Wants Lower Interest Rates. The Market Disagrees.

Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.

Fortune

A Trump-induced interest rate cut won’t actually lower mortgage rates

“The president putting this pressure on the Fed would not actually achieve his goal, if his goal is lower mortgage rates,” said Chen Zhao, Redfin economics head.

Fortune

Markets notch small gains as tech stocks jump and Trump delivers mixed signals on tariffs

President Donald Trump said he’s made “200 deals” on tariffs but declined to say with whom.

The Conversation

How Project 2025 became the blueprint for Donald Trump’s second term

Throughout the 2024 presidential election campaign, Donald Trump denied claims he intended to shape his second administration’s policies around Project 2025, the Heritage Foundation’s blueprint for a renewed conservative America. But despite his repeated denials, Trump 2.0 has adopted much of Project 2025 into the White House’s agenda.

Fortune

Bitcoin hovers above $90,000 as Trump backs off Powell and trade talks advance

The crypto market has made gains this week with Solana adding 14% and XRP adding 5%.

International Business Times UK

Women Face Higher Risks of Missing Retirement Goals Amid Trump's Tariff-induced Market Turmoil

Women earn much less than men and face challenges in saving money adequately while managing caregiving responsibilities. A market crash triggered by Trump's tariff play and federal changes is adding to these existing problems.

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