The Latest Breaking News from Jerome Powell

Latest report also contained more bad news – the US lost 13,000 jobs in June, according to latest survey

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.

Officials to investigate claims of mortgage fraud against Cook, who has refused to accept firing by Donald Trump

Donald Trump's pick to join the Federal Reserve's board of governors pledged to uphold US central bank independence if confirmed -- but was coy about leaving his current White House role in the process, as the institution faces growing pressure from the president to slash interest rates.

“Gold is a store of value that doesn’t rely on institutional trust,” Samantha Dart says.

Gold has jumped above $3,500 per ounce this week, setting new records and solidifying its status as 2025’s top commodity. What’s changed this time is not the magnitude of the rally but what’s driving it.

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.