The Latest Breaking News from Jerome Powell

Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide

Investors are withdrawing from sovereign bonds and currencies in an attempt to shield their assets from geopolitical volatility.

March S&P 500 E-Mini futures (ESH26) are up +0.26%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.60% this morning, buoyed by gains in technology stocks, while investors await the start of the Federal Reserve’s two-day policy meeting, as well as a new round of U.S. economic data and…

This week's meeting will be overshadowed by the revelation that the Justice Department has opened a criminal investigation into the Fed, threatening central bank independence.

After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week’s meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won’t like the result

The January Fed meeting marked the first central bank gathering of 2026, with Fed Chair Powell & Co. voting to keep interest rates unchanged.

The S&P 500 is within 50 points of crossing 7,000 for the first time, and Papa Dow is lurking just below its own new all-time high.

The dollar used to be a safe-haven asset, but as the U.S. become more politically volatile investors are going elsewhere.

March S&P 500 E-Mini futures (ESH26) are down -0.05%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.14% this morning, pointing to a muted open on Wall Street as President Trump’s tariff threats against Canada and the looming risk of a partial U.S. government shutdown curbed risk appetite at…