The Latest Breaking News from Jerome Powell

Hardhats and bad math as Fed chief shows president’s complaint about $3.1bn cost has been jacked up with old spending. Key US politics stories from 24 July 2025

Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.

President Donald Trump says he's found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project

Federal Reserve chair wasn’t fazed by Trump’s attempt to bully him in front of press

The July Fed meeting came and went, with Fed Chair Powell saying little about a September rate cut and President Trump.

Amid heightened political tensions in Washington, the Bank for International Settlements (BIS) sounded the alarm this weekend. The aim was to highlight the crucial importance of central bank independence at a time when the US Federal Reserve is under unprecedented political pressure.

U.S. long-term interest rates remain elevated in July 2025, with the long bond futures in a two-year consolidation range that is closer to technical support than resistance. When the long bond futures eventually break higher or lower, the move will impact markets across all asset classes.

President Donald Trump plans to visit the Federal Reserve as his allies scrutinize its expensive building renovations

Donald Trump is due to visit the US Federal Reserve Thursday as the president escalates his pressure on its chairman Jerome Powell over the central bank's management of the economy.