The Latest Breaking News from Jerome Powell

Republican Sen. Mike Lee reportedly posted and then deleted what he believed to be a resignation letter from Federal Reserve Chair 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

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.  

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.

U.S. stock futures were fluctuating on Tuesday after ending on a mixed note on Monday. Futures of major benchmark indices were mixed.

Former Federal Reserve Chairs Ben Bernanke and Janet Yellen have cautioned that President Donald Trump‘s ongoing pressure on the current Fed chief, Jerome Powell, could have dire long-term consequences for the U.S. economy.