The Latest Breaking News from Jerome Powell

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury secretary, with markets buoyed by comments on tariffs.

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

Federal Reserve's cautious approach to interest rates influenced by strong economic reports and Trump's policies.

From higher tariffs to mass deportations, here's what economists are watching

December S&P 500 E-Mini futures (ESZ24) are down -0.14%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.12% this morning as market participants looked ahead to an earnings report from semiconductor stalwart Nvidia, a new batch of U.S. economic data, and comments from Federal Reserve officials.

A warning from US central bank boss Jerome Powell that reductions in borrowing costs were not preset dented optimism last week, while traders were also keeping tabs on the president-elect's cabinet choices, with several China hawks lined up.

Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day

Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.

The uncertain performance came at the end of a painful week fuelled by worries about another disruptive China-US trade war.

December S&P 500 E-Mini futures (ESZ24) are down -0.58%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.90% this morning after Federal Reserve Chair Jerome Powell indicated the central bank was in no rush to lower interest rates, while investors geared up for a flurry of U.S. economic data,…

Jitters over the health of the UK economy have been fuelled by today’s weaker-than-expected GDP release.