The Latest Breaking News from Jerome Powell

In his speech at the Jackson Hole symposium Friday, Fed Chair Jerome Powell said current conditions "may warrant" rate cuts.

September S&P 500 E-Mini futures (ESU25) are down -0.22%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.10% this morning, pointing to further losses on Wall Street, while investors await the Federal Reserve’s gathering at Jackson Hole, U.S. business activity data, and an earnings report from retail giant Walmart.

We've reached another important part of earnings season, though markets remain captivated by the president, the Fed, and interest rate policy.

President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve Governor Lisa Cook to step down -- after his recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.

President has spent months bullying Federal Reserve Chairman Jerome Powell over his refusal to lower interest rates and recently turned his fire on Fed board members

Here’s what doves and hawks have to say about monetary policy.

Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraud

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

Noted economist and chief economic adviser at Allianz, Mohamed El-Erian, has voiced his concerns about the Federal Reserve’s approach to inflation, warning that it could be making a big “mistake.”