The Latest Breaking News from US Federal Reserve

European Central Bank chief Christine Lagarde said Tuesday that she hoped US President Donald Trump would not oust the country's central bank boss Jerome Powell prematurely.

The S&P 500 Index ($SPX ) (SPY ) today is up +1.82%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.13%. June E-mini S&P futures (ESM25 ) are up +1.98%, and June E-mini Nasdaq futures...

Trump is further rattling markets by demanding Fed Chair Jerome Powell cut rates and discussing removing him despite the central bank's independence

"Can Trump fire Powell?" may not matter anymore as the White House uses its power to get what the president wants from the Fed: lower interest rates.

The rush for safety saw gold hit yet another record above $3,500, and while the dollar steadied after the previous day's selloff, it remained under pressure against its major peers.

Experts believe US President Donald Trump could introduce unprecedented losses to US equities and the devaluation of the greenback if he ousts US Federal Reserve Chair Jerome Powell.

University fights back against threats to cut federal funding. Plus, tributes pour in for Pope Francis

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…