The Latest Breaking News from Jerome Powell

President Donald Trump‘s Federal Reserve nominee Stephen Miran defended his independence during a contentious Senate Banking Committee hearing on Thursday, as Democrats warned his appointment could undermine the central bank’s autonomy over monetary policy decisions.

Mortgage rates could slip even before the Federal Reserve formally cuts rates on Sept. 17 because lenders tend to price in expectations ahead of policy moves and mortgages key off the 10-year Treasury yield more than the Fed's short-term rate.

Small-cap stocks, which had been underperforming for months, are now gaining investor interest, with the iShares Russell 2000 ETF (NYSE:IWM) drawing $1.5 billion in new inflows last week, according to FactSet data cited by Etf.com. The rally followed the Fed Chairman Jerome Powell’s speech at Jackson Hole, which indicated that…

“The risks are rising that we could see another ‘inflation mountain’ emerge over the coming months,” Apollo Global’s chief economist said.

Notable and experienced economists warn elected officials that attacks on the Fed ‘undermine’ public confidence

Gold has been in a holding pattern since April. With the Fed slated to cut rates in September, these ETFs could break out alongside the precious metal.

Wall Street traders betting on Federal Reserve rate cuts might want to pump the brakes. Bloomberg Chief U.S. Economist Anna Wong is throwing cold water on market optimism following Fed Chair Jerome Powell’s latest speech, and her data tells a compelling story about why the central bank isn’t rushing to…

Christine Lagarde issues warning about risks of undermining central bank’s independence

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.