G20 finance ministers reach consensus on key economic issues US set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December. Al Jazeera · Jul 18, 2025
Stocks climb as market is buoyed by Trump’s decision not to fire Powell . Evening Standard · Jul 18, 2025
G20 Nations Agree Central Bank Independence 'Crucial' The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. International Business Times · Jul 18, 2025
Stocks Pressured by Weakness in Netflix and Health Insurers The S&P 500 Index ($SPX ) (SPY ) today down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU25 ) are down -0.14%, and September E-mini Nasdaq futures (NQU25... Barchart · Jul 18, 2025
Dollar Falls on Dovish Comments from a Fed Official The dollar index (DXY00 ) today is down by -0.59%. The dollar came under pressure today following comments from Fed Governor Christopher Waller on Thursday evening, who stated that he supports a Fed interest rate cut at the July 29-30 FOMC meeting. Also, an easing of inflation expectations in today’s... Barchart · Jul 18, 2025
Trump appointees pushed more marble in Fed building renovation White House now attacks President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates The Independent UK · Jul 18, 2025
Stocks See Support from Dovish Fed Official Comment The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. September E-mini S&P futures (ESU25 ) are up +0.12%, and September E-mini Nasdaq futures... Barchart · Jul 18, 2025
Stephen Colbert on Trump’s Epstein controversy: ‘Desperately looking for a scapegoat’ Late-night hosts discuss Trump’s scramble to deflect from his ties to Jeffrey Epstein, his beef with Jerome Powell and CBS’s cancellation of the Late Show The Guardian - US · Jul 18, 2025
Trump's Fed Pick? He's Cutting First, And Cutting Powell Out Federal Reserve Governor Christopher Waller made his most assertive case yet for a July rate cut—and signaled he's ready to take Jerome Powell's seat if President Donald Trump asks. Benzinga · Jul 18, 2025
Trump calls Fed chair ‘a numbskull’ who ‘makes it difficult for people to buy a house’ In new attack, US president accuses Jerome Powell of preventing central bank from lowering interest rates The Guardian - UK · Jul 18, 2025
Trump’s tariffs are tipping Europe toward recession The U.S. is Europe and Britain’s largest export market. About 20% of EU exports go to the U.S. at a value of around $581 billion. Europe’s trade doesn’t immediately have anywhere else to go. Fortune · Jul 18, 2025
US Dollar Can Lose Its 'Supremacy Premium' If Fed Interferes With Bond Market: Currencies Are 'Release Valve For Unsustainable Fiscal Policy' The U.S. dollar's status as the world's premier currency could be at risk if the Federal Reserve intervenes in the bond market to curb rising interest rates, warns Fidelity's Jurrien Timmer. Benzinga · Jul 18, 2025
Can Donald Trump fire Jerome Powell, US Federal Reserve chair? Trump questions Fed Chair Powell’s tenure, hints fraud, yet experts view removal improbable due to legal constraints. Al Jazeera · Jul 18, 2025
Jerome Powell sends point-by-point response to White House about Fed office renovations And addresses speculation about VIP dining rooms and elevators, marble facades and water fountains. Fortune · Jul 18, 2025
Fortune · Jul 18, 2025 Elizabeth Warren fears Trump's next Fed pick won't have the 'brains and guts' to stand up to him Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
Benzinga · Jul 18, 2025 Fed Governor Christopher Waller Calls For 25 Bps Cut In July, Cites 'Stall Speed' Jobs Data—Says Tariff-Driven Inflation Shouldn't Stop Easing As Trump Pressures Jerome Powell Federal Reserve Governor Christopher Waller just made the case for cutting interest rates at the Federal Open Market Committee's July meeting.
The Independent UK · Jul 18, 2025 Asian shares mostly advance after Wall Street cruises to more records Asian shares are mostly higher after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies
Benzinga · Jul 18, 2025 Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.
International Business Times · Jul 18, 2025 What To Know About Trump's Effort To Oust Fed Chair Powell US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters.
The Independent UK · Jul 17, 2025 Federal Reserve's Waller says central bank should cut rates at next meeting A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts
The Independent UK · Jul 17, 2025 Federal Reserve says building renovation complies with law, defends costs Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans
The Independent UK · Jul 17, 2025 Businesses are already passing the cost of tariffs onto consumers, Federal Reserve survey finds Prices are expected to rise even more by late summer, the Federal Reserve said
Barchart · Jul 17, 2025 S&P 500 and Nasdaq 100 Rally to Record Highs on a Resilient US Economy The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.74%. September E-mini S&P futures (ESU25 ) rose +0.59%, and September E-mini Nasdaq futures (NQU25...
Barchart · Jul 17, 2025 Solid US Economic News Lifts the Dollar The dollar index (DXY00 ) on Thursday rose by +0.29% and posted a 3.5-week high. Signs of strength in the US economy may keep the Fed from cutting interest rates and are supportive of the dollar. Weekly initial unemployment claims unexpectedly fell to a 3-month low, June retail sales rose...
The Guardian - US · Jul 17, 2025 White House seeks inspection of Fed building as Trump piles pressure on Powell US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquarters