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The Latest Breaking News from Jerome Powell

US Dollar Drops Amid Expectations Of Dovish Fed Release

The release of the Fed minutes on Wednesday and Chair Jerome Powell's speech on Friday are expected to be key in influencing markets throughout the week.

International Business Times

Asian stocks are mixed after Wall Street's best week of the year

Asian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday

The Independent UK

Asian Markets Get Week Off To Largely Positive Start

Asian markets mostly rose Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.

International Business Times

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High stakes at Jackson Hole symposium as Powell surveys US’s rocky prospects

Presidential candidates, bankers and economists will all be keen to hear what the Fed chair foresees for interest rates

The Guardian - UK

US inflation dipped in July as Federal Reserve expected to cut interest rates

Prices rose at an annual rate of 2.9% in July, as inflation dipped below 3% for the first time since 2021

The Guardian - US

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

If the Federal Reserve needs any further evidence that the worst price spike in four decades is steadily easing, it’s likely to come Wednesday, when the government is expected to report that inflation cooled further last month

The Independent UK

JD Vance backs Trump's call for more political influence over the Fed

Ohioan senator JD Vance, argues monetary policy—which includes interest rates—should "fundamentally be a political decision."

Fortune

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Bank Of America CEO Warns Of Consumer Discontent If Fed Delays Rate Cuts

Moynihan said a reduction could be necessary as early as September if inflation continues to ease.

International Business Times

Donald Trump thinks he should influence Fed rates—here's what history and the law say

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Fortune

Trump Says US President Should Have Say Over Monetary Policy

Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve and suggested that the US president should have "at least a say" over the course of monetary policy.

International Business Times

Jerome Powell said his 2% inflation target was nonnegotiable. Jamie Dimon is skeptical it's even possible

"Does inflation really get back to 2%?" the Wall Street veteran asked.

Fortune

JPMorgan CEO Jamie Dimon is done psychoanalyzing Jerome Powell and the Fed

"Every day 325 million Americans go to work, go to their jobs, take care of their families, take care of their kids, build out their house, change a job. And it could be affected by the Fed changing rates by 50 base points? I don't think so."

Fortune

Top economist: More people are looking for a job, but not because they were laid off

The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs.

Fortune

Biden Administration Maintains Confidence In Healthy Economy Amid Market Volatility

Biden administration remains positive on economy despite market volatility. Powell's speech at Jackson Hole awaited for potential interest rate cuts.

Top News

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Fortune

It's not the Fed's job to make the market 'comfortable' says Fed president

Analysts holding out for the Fed to rescue the stock market might be waiting in vain

The Guardian - US

The United States is not facing an imminent recession. This is nonsense

The American economy is still growing. There is no reason to panic, despite Trump’s ‘world war three’ comments

Latin Times

Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early

Tokyo, which suffered a record loss Monday, led the gains, soaring more than 10 percent as traders bought beaten-down stocks caught up in a catastrophic day for markets.

International Business Times

Asian Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early

Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.

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International Business Times

Fed Under Pressure To Cut Rates As Market Turmoil Continues

The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.

Kiplinger

Here's Why Stocks Are Selling Off And What Investors Can Do

Several factors are amplifying a global stock market rout. Here we look at why it's happening and what investors can do to protect their portfolios.

Reason

Recession Is Not Inevitable, Despite Stock Market Slump

A few reasons to remain calm about the economy

Reason

Markets in Panic

Plus: Emhoff scandal, Iran and Hezbollah possibly striking Israel, Nirvana facts, and more...

Top News

Global Central Banks Begin To Trim Interest Rates

Global inflation rates are falling, prompting central banks to consider interest rate cuts. Federal Reserve in the US yet to act amidst market speculation.

Fortune

Powell faces a market mutiny if he doesn't make a September rate cut—Wall Street has 'locked in' timings after unemployment concerns

"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

Fortune

Weak jobs report shows 'there’s a strong case' for Fed rate cuts before next meeting, economist says

"From a risk management perspective we think there’s a strong case to act before September 18th."

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