The Latest Breaking News from Jerome Powell

Mike Lee, a Utah MAGA loyalist, posted and then deleted a tweet celebrating Powell’s supposed resignation on Tuesday with a copy of the fake letter

The U.S. dollar index has declined steadily from the January 2025 high of over 110 to the July 2025 low of 96. The index is currently near its recent low in a bearish trend, with U.S. interest rate and tariff policy weighing on the world’s reserve currency.

It was a quiet Tuesday on Wall Street, as major indexes edged lower with investors pausing ahead of a critical wave of tech earnings.

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.

A fired-up President Trump claimed no knowledge of his team's next steps in the Epstein drama and made allegations about Barack Obama.

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed.

Remember the insider trading scandal at the Fed? El-Erian does, along with what he considers a series of missteps on inflation.

Here's what crypto investors need to know if President Donald Trump fires Fed Chair Jerome Powell.  

The Dow Jones Industrial Average led the major indexes Tuesday. Homebuilder stocks rallied after two leaders posted positive earnings results.

September S&P 500 E-Mini futures (ESU25) are trending down -0.04% this morning as investors brace for a raft of corporate earnings reports and continue to keep a close eye on any trade developments between the U.S. and key trading partners as the August 1st deadline approaches.

The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.