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The Latest Breaking News from Jerome Powell

Dow Rises Amid Another Crude Oil Spike: Stock Market Today

Crude oil was up, and Papa Dow was too, but the Nasdaq fell further into correction territory amid persistent uncertainty for global financial markets.

Kiplinger

Powell says Fed is monitoring energy price spikes, but that it's limited in what it can do

Federal Reserve Chair Jerome Powell says it's important to closely monitor inflation amid a spike in energy prices from the Iran war as the average price for for gasoline nears $4 a gallon in the U.S. But he also said Monday, addressing students at Harvard University, that there isn't a…

The Independent UK

Powell: Fed yet to decide on whether to "look through" war's impact

Powell said that the Fed has to consider the economic backdrop against which the energy shock is occurring.

Axios

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Markets Turn Negative as Crude Oil Prices Surge

The S&P 500 Index ($SPX ) (SPY ) today is down -0.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.18%. Stock indexes turned lower this afternoon as the market digests the first $100+ oil...

Barchart

Stocks Set to Open Higher as Bond Yields Fall on Fading Rate-Hike Bets, U.S. Jobs Data and Powell’s Remarks Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.69%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.70% this morning, pointing to a higher open on Wall Street as Treasury yields retreated, while investors continued to monitor developments in the Middle East.

Barchart

US treasury department demands retraction of story on increased oversight of Federal Reserve

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’

The Guardian - US

Trump spends two minutes ranting about pens while attacking Fed chair Jerome Powell

Donald Trump spent two minutes ranting about pens whilst attacking Federal Reserve chair Jerome Powell.

The Independent UK

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‘Could only happen to Trump’: President hijacks Cabinet meeting to cry about lawsuits over his radical DC plans

President launches into extended stemwinder of grievances ranging from lawsuits over the Kennedy Center to the Justice Department’s failure to bring sham charges against Federal Reserve Chairman Jerome Powell

The Independent UK

‘Don’t leave’: the remote work guru who nailed the labor market during the Great Resignation offers job advice for 2026

“You don’t want to quit a job to find that what you thought would be easy – getting another job – turns out to be a massive struggle,” Nick Bloom said.

Fortune

DOJ Official Admits No Evidence Against Jerome Powell Found Prior to Launching Probe: Report

The Justice Department admitted to a federal judge that they had no evidence of criminal wrongdoing, but were investigating Fed Chair Jerome Powell anyway

International Business Times

The Top High-Yield Dividend Stock to Buy Now for Oil Price Protection

As the situation remains tense, this high dividend-paying consumer staple company can be a prudent choice for investors.

Barchart

Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows

Newly released court records indicate the Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn’t find any evidence of a crime before a judge quashed government subpoenas, dealing a severe blow to the probe

The Independent UK

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

Barchart

AI may be helping more people start their own businesses, but without many employees

The cofounders of one startup said they are bringing in $1 million per month with 13 employees thanks to AI.

Fortune

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Fortune

The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder

The Fed keeps calling these events bad luck. They aren't.

Reason

Judges and Justices Should Be Independent, Trump Says, As Long As They Side With Him

The president says federal courts should not make decisions based on partisan considerations unless it benefits him.

Fortune

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the 'K-shaped economy'

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges.

Kiplinger

Jumbo CD vs High-Yield Savings: Which is the Best Place to Store $100k?

If you're looking to stash some cash away in a less risky venture, I'll break down two of the best accounts to consider.

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news in one place.

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Fortune

The next time the Fed moves, it'll be to hike according to one economist—whether or not Trump gets his new Fed chair

"We see the next policy move as a hike with the most likely timing in 1H27," wrote David Doyle.

The Guardian - US

Trump claims strict voter ID act should be ‘easy pass’ but says ‘we need Democrat votes’ – as it happened

This live blog is now closed.

International Business Times

Fed Chair Jerome Powell Says He Has "No Intention" of Resigning Until Trump Investigation is Finished

Federal Reserve Chair Jerome Powell stated that he has "no intention" of stepping down from his position until the federal investigation into him launched by the Trump administration has finished.

Fortune

Fed Chair Jerome Powell says U.S. economy is ‘amazing’—but admits ‘we just don’t know’ as inflation, jobs, and oil shocks cloud the outlook

Jerome Powell said “don’t know” 17 times during the conference as he praised the economy’s resilience—but flagged rising inflation, stalled job growth, and an unpredictable oil shock from Iran.

Fortune

'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

Fortune

Jerome Powell says you're right to blame data centers for making your bills more expensive: 'probably pushing inflation up'

Electricity prices due to the investment into AI could spike, analysts have warned.

Fortune

Trump started a battle with Jerome Powell, but the Fed chairman is winning the war: He won't leave until probe is 'well and truly over'

"If my successor is not confirmed by the end of my term as chair, I would serve as chair until he is confirmed. That is what the law calls for."

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