The Latest Breaking News from Christopher Waller

President Donald Trump said Thursday he will nominate Stephen Miran, current chair of the Council of Economic Advisers, to fill the recently vacated Federal Reserve Board seat left by Adriana Kugler.

Federal Reserve Governor Christopher Waller is now seen as the frontrunner to replace Jerome Powell as the next Fed chair, according to sources close to the Trump team.

The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, as was expected.

The deal, struck at talks in Scotland over the weekend, will see US tariffs of 15% on most imports from the EU.

Goldman Sachs is doubling down on its dovish rate path forecast, saying the Federal Reserve is poised to deliver five interest rate cuts through the end of next year—three in 2025 and two more in 2026—a significantly more aggressive easing cycle than markets are currently pricing in.

Escalating political attacks on the Federal Reserve have prompted economist Mohamed El-Erian to say Fed Chair Jerome Powell should resign—not for missteps, but to actually protect the central bank's independence.

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.05%. September E-mini S&P futures (ESU25 ) fell -0.08%, and September E-mini Nasdaq futures (NQU25...

Investors, traders and speculators continue the low-volume summer grind against now-familiar uncertainties.

The dollar index (DXY00 ) Friday fell by -0.24%. 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 University...