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The Latest Breaking News from Jerome Powell

Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

The Guardian - US

Trump says he's removing Federal Reserve board member - Roll Call

President Donald Trump fired Federal Reserve governor Lisa Cook on Monday night, likely teeing up a legal battle over the Fed's independence.

Roll Call

Asian Stocks Down After Trump Fed Firing, Tariff Threats

Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to impose export controls on microchips.

International Business Times

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What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

The Guardian - UK

Trump declares war on the Fed, setting up a titanic struggle for world's most important central bank

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said.

Fortune

Trump Moves To Fire A Fed Governor Over Mortgage Fraud Claims

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

International Business Times

Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”

Barchart

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Stocks Struggle to Start Nvidia Week: Stock Market Today

Another important week for the stock market starts on a risk-off note.

Kiplinger

Powell's Shift Could Spark A Homebuilder Boom—Investors Are Already Piling In

The real estate stock trade came back to life last Friday—and no one rallied harder than homebuilders.

Benzinga

Alphabet Stock Hits New All-Time High On AI, Cloud Momentum

Shares of Google parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) hit a new all-time high Monday, buoyed by a string of positive developments in its artificial intelligence and cloud computing divisions coupled with a favorable macroeconomic environment. Here’s what investors need to know.

Benzinga

Nvidia Q2 Earnings Preview: Can Jensen Huang Lead NVDA Stock, Broader Market to New Highs?

Nvidia is set to report its fiscal Q2 earnings on Aug. 27. The company’s earnings will be the most important event this week.

Barchart

Top 5 ETFs and Stocks to Watch as the Fed Eyes Rate Cuts

Powell’s dovish Jackson Hole remarks signal that the Fed could cut rates as early as September, with markets now pricing an 80% chance of a 25 bps cut.

MarketBeat

The 'Everything Rally' Is Back—Thanks To Powell's Risky Bet On Jobs

Fed Chair Jerome Powell just handed Wall Street a high-stakes bet: he's willing to tolerate higher inflation in the short run if it means keeping the labor market afloat.

Benzinga

Opendoor (OPEN) Stock Surges On Rate Cut Hopes: What's Going On?

Shares of Opendoor Technologies Inc (NASDAQ:OPEN) are trading higher Monday morning, likely fueled by favorable macroeconomic signals. The stock has now seen a 27% increase over the last five trading sessions and a 102% surge in the past month.

Benzinga

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Benzinga

Space Stock Tracker: Rocket Lab Launches, Starlink Outages

The space stock sector got a much-needed boost last Friday as the broader market rallied following comments from Federal Reserve Chairman Jerome Powell, who suggested rate cuts could lie ahead.

International Business Times

Powell's Jackson Hole Pivot Supercharges September Cut Odds, But Data Will Decide

Fed funds futures now imply an 85 to 90 percent chance of a 25-basis-point reduction at the Sept. 16–17 policy meeting, up from roughly 75 percent before Powell's speech.

Benzinga

Stock Market Today: Nasdaq 100, Dow Futures Fall After Friday's Rally—Intel, PDD, Keurig Dr Pepper In Focus

U.S. stock futures fell on Monday following Friday’s advances. Futures of major benchmark indices were lower.

Barchart

Stocks Set to Open Lower as Fed Rate-Cut Optimism Fades, Nvidia Earnings and U.S. PCE Inflation Data Awaited

September S&P 500 E-Mini futures (ESU25) are down -0.24%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.32% this morning, pointing to a slightly lower open on Wall Street after last Friday’s rally as some of the optimism around expectations for Federal Reserve interest rate cuts faded.

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Euronews

Gloomy opening on the European markets after Friday rally in the US

Leading European stock indexes opened lower on Monday following a major rally on Friday across the US markets. UK trading remained closed for a bank holiday.

The Independent UK

Asian shares track Wall Street's rally after Powell hints at rate cuts

Asian shares have tracked Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

Benzinga

Dow Jumps Over 800 Points Following Powell's Speech: Investor Sentiment Improves, Fear Index In 'Greed' Zone

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Friday.

Benzinga

The US Government 'Needs Lower Rates More Than Anyone' As Federal Interest Payments Touch $1.2 Trillion, Says Popular Commentator

On Sunday, in a post on X, The Kobeissi Letter highlighted the mounting pressure of interest payments for the U.S. government, saying that the Federal Reserve may have to slash interest rates substantially to prevent debt servicing from spiraling out of control.

International Business Times

Asian Markets Rise On US Rate Cut Hopes

Asian markets kicked off the week with a rally Monday morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts.

Benzinga

Dow Futures Drop Nearly 60 Points As Nvidia Earnings Loom: Nikkei Opens Higher, Dollar Inches Up

U.S. stock futures are down marginally on Sunday evening following Fed Chair Jerome Powell’s dovish comments on Friday, during the Federal Reserve’s annual Jackson Hole symposium, where he hinted at a potential rate cut in September.

Benzinga

Bitcoin, Ethereum, Dogecoin, XRP Slip After Whale Dumps BTC Worth $2.7 Billion: ETH Hits Record High, Analyst Predicts $5,000 'Really Soon'

Leading cryptocurrencies fell on Sunday after a massive billion-dollar Bitcoin sale sparked a flash crash.

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