The Latest Breaking News from Jerome Powell

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate

Attack comes day after Federal Reserve announced it won’t be lowering interest rates

ANALYSIS: New trade agreement is more of a way for him to save face than an all-encompassing deal, writes Eric Garcia

Trump previously said he could remove Powell “real fast,” but has since backed down.

A data-dependent approach might leave the central bank playing catch-up.

The US president called it a “very big deal”. The UK prime minister said it was “fantastic, historic” day. For sure, Keir Starmer and his team will have been delighted that the UK was first in line to negotiate adjustments to Donald Trump’s sweeping tariffs announced on “liberation day” just…

President Donald Trump called Fed Chair Jerome Powell a "FOOL" for not lowering interest rates on Wednesday, claiming there is "NO INFLATION"

The Fed's decision to hold rates steady underscores a critical reality for business leaders, according to economists.

Plus: Netflix's app revamp, OpenAI's Stargate, Amazon's new robot, and Meta's glasses in the latest edition of Fortune's flagship tech newsletter.

Jerome Powell has fought hard to keep the Fed out of political narratives, and said he would never request a meeting with President Trump.

The Federal Reserve kept its key interest rate unchanged on Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher unemployment and higher inflation have risen, an unusual combination that puts the central bank in a difficult spot.