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.

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.

Asian shares are mostly higher after U.S. stocks slipped as the market’s rally following Trump’s election victory continued to cool

Asian markets were mixed Friday after Federal Reserve boss Jerome Powell tempered expectations for interest rate cuts, while traders also contemplated a hawkish Trump presidency.