The Latest Breaking News from Jerome Powell

Trump DoJ’s investigation was purportedly about the management of the central bank’s renovation

The judge wrote that the sole purpose of the probe ’is to harass Powell to pressure him to lower rates’

“Clearly there’s growing skepticism that a new chair can start cutting straight away, particularly with the data as strong as it is right now,” noted Deutsche Bank’s Jim Reid.

Precious metals and most energy prices moved higher in February. Three of the five soft commodities, natural gas, and cryptocurrencies posted double-digit percentage declines.

Trump also pressured lawmakers to formally prohibit insider trading among legislators, shortly after mentioning Nancy Pelosi’s name.

The decision by the US Supreme Court to rule most of Donald Trump’s “liberation day” tariffs illegal will have far-ranging consequences for the president’s economic agenda. Although the administration will find other ways to increase tariffs, their usefulness as a weapon of economic warfare will be diminished. And the issue…

Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a move that would likely spur further attacks by President Donald Trump

"This is significant at a time that the president seeks to head into midterm elections with a head full of steam."

"I've got a lot of sympathy for Warsh's view. But the transition from here to where he wants to get, could be problematic."