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The Latest Breaking News from Jerome Powell

By staying on the Fed's board, Jerome Powell could be doing incoming Chairman Kevin Warsh a huge favor

Powell will still be around to be Trump’s punching bag and take at least some of the flak for Warsh.

Fortune

Trump approval rating so low on inflation he ‘broke the scale,’ pollster says

President’s numbers remain dismally low, sparking concerns about whether Republicans will lose the House of Representatives in November

The Independent UK

Trump Says He Doesn't Care If Jerome Powell Stays In The Fed As Governor

President Donald Trump said he doesn't care whether Jerome Powell remains as governor of the Federal Reserve if Kevin Warsh is confirmed as the body's next chair.

International Business Times

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‘This is not normal’: Former Fed economist sounds alarm on Kevin Warsh after one-sided confirmation

Claudia Sahm worked with Warsh when they were at the Fed but doesn’t know him personally. She told Fortune that his disrespect for Democrats was striking.

Fortune

S&P 500 and Nasdaq 100 Rally to Record Highs on Earnings Optimism

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.98%. June E-mini S&P futures (ESM26 ) rose +1.01%, and June E-mini Nasdaq futures...

Barchart

Kevin Warsh's challenges become clear after Fed chair Powell's last hurrah

The incoming chair will have to achieve his goals of rewiring how the Fed operates and potentially cutting rates through persuasion, not a writ from the chair's office.

Axios

Forget the Interest Rate: The Real War Is Over the Fed’s Balance Sheet

Kevin Warsh's "Regime Change" isn't just about names; it's about dismantling 18 years of monetary philosophy. Prepare for a return to pre-2008 volatility as the Federal Reserve prepares to pull the plug on excess liquidity in favor of raw market mechanics.

Barchart

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Stocks Rally as Nasdaq 100 Posts a New Record High on Tech Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.35%, and June E-mini Nasdaq futures...

Barchart

Stocks See Support from Lower Crude Prices, While Mega-Cap Tech Earnings are Mixed

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.18%. June E-mini S&P futures (ESM26 ) are up +0.11%, and June E-mini Nasdaq futures...

Barchart

US economic growth rebounds 2% as consumer spending slows amid Iran war

First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fears

The Guardian - US

Stocks Rise Before the Open as Investors Weigh Big Tech Earnings, Iran War News

June S&P 500 E-Mini futures (ESM26) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.22% this morning as investors digest earnings reports from big U.S. tech companies and the latest developments in the Iran war.

Barchart

Trump news at a glance: White House celebrates as civil rights groups condemn supreme court’s Voting Rights Act ruling

Court’s 6-3 decision is a major upheaval in US civil rights law and gives lawmakers permission to draw districting plans that weaken the influence of Black and other minority voters– key US politics stories from Wednesday 29 April at a glance

The Guardian - US

Powell to remain as Fed governor, denying Trump a key vacancy

The move will extend Jerome Powell's influence over monetary policy beyond his term as Fed chair.

Axios

Stocks Settle Mixed Ahead of Megacap Tech Earnings

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.58%. June E-mini S&P futures (ESM26 ) fell -0.07%, and June E-mini Nasdaq futures...

Barchart

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Euronews

US Federal Reserve holds rates as Jerome Powell signals he will stay on

A divided US Federal Reserve has held interest rates steady for a third consecutive meeting, as policymakers grapple with heightened uncertainty linked to the war in the Middle East. The decision is expected to be the last overseen by Chair Jerome Powell.

Kiplinger

Markets Are Mixed Amid Fed Uncertainty: Stock Market Today

Earnings are still solid, crude oil is still rising, and Jerome Powell is still a member of the Federal Reserve Board until further notice.

Fortune

‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee

Powell said he’ll step down when the DOJ’s investigation is “well and truly over,” with no threats of revival.

Axios

Fed holds rates steady amid the most dissents in decades

The dissents show that Kevin Warsh will face significant internal resistance to delivering interest rate cuts.

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news in one place.

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International Business Times

Fed Keeps Rates Unchanged In What Could Be Jerome Powell's Last Meeting As Chair

The Federal Reserve kept its interest rates unchanged on Wednesday in what could be Jerome Powell's last meeting as the chair of the central bank.

The Independent UK

Fed holds interest rates steady for third straight meeting as four officials dissent

The dissents underscore the level of division on the Fed's 12-member rate-setting committee

Fortune

Jerome Powell defies Trump one last time, holding rates steady: ‘The facts have moved decisively in the hawkish direction,’ top economist says

Four dissents signal that incoming Fed Chair Kevin Warsh inherits a committee far more hawkish than the White House wants.

The Guardian - US

Jerome Powell to stay on Fed board after central bank holds rates steady in defiance of Trump

Chair planned to exit after inquiry into building renovations but will now oversee ‘remaining steps in the process’

Evening Standard

FTSE 100 closes lower as drugs firms GSK and AstraZeneca struggle

The Guardian - US

Kevin Warsh clears key Senate hurdle to replace Fed chair Powell

A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s future

Barchart

What Will Chairman Powell Say Later Wednesday?

If you are expecting fireworks as Chairman Powell takes the microphone at the conclusion of his final FOMC meeting as Chair, you will likely be disappointed later Wednesday.

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