The Latest Breaking News from Jerome Powell

Asian shares have retreated across the region as worries persist about conflict in the Middle East

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate hold

Faced with a blurry forecast for the U.S. economy, the Federal Reserve continued its pattern of keeping interest rates at their current levels.

The president also joked about whether he can appoint himself to head the Fed

ANALYSIS: Here are a handful of factors likely impacting the Fed’s interest rate decision being announced today.

Here’s a snapshot of the action this morning prior to the opening bell in New York.

June S&P 500 E-Mini futures (ESM25) are up +0.20%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.33% this morning, pointing to a slightly higher open on Wall Street after yesterday’s drop, while investors await the Federal Reserve’s policy decision and updated projections, as well as Chair Jerome Powell’s…

The US central bank is expected to hold interest rates steady Wednesday after its key policy meeting, as officials gauge the impact of tariffs on inflation -- and despite President Donald Trump's calls for rate cuts.