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The Latest Breaking News from Jerome Powell

Trump Demands Fed Board Remove Chair Jerome Powell, But Polymarket Traders Aren't Buying It

Prediction markets show minimal belief that Donald Trump will attempt to remove Federal Reserve Chair Jerome Powell by the end of August, despite the former president's latest attack on Powell via Truth Social.

Benzinga

Freddie Mac Says 30-Year Mortgage Slips To 6.72%, But Jerome Powell's Cautious Rate Tone Fuels 'Higher For Longer' Fears, Pressuring Housing Market

The average rate on a 30-year U.S. mortgage ticked down to 6.72% this week, returning to its level from three weeks ago and offering only modest relief to buyers squeezed by record prices and high borrowing costs, Freddie Mac said. The 15-year fixed rate also eased to 5.85%.

Benzinga

Jamie Dimon doubles down on backing Powell despite Trump criticism, saying an independent Fed means lower rates

"Independence keeps interest rates lower, if you actually look through the history of interest rates a little bit," Dimon says.

Fortune

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Peter Schiff Slams Fed's Blind Spot: Jerome Powell 'Looking Through' Soaring Inflation While Policy Remains 'Far Too Loose'

Economist Peter Schiff is criticizing the Federal Reserve for its handling of inflation, arguing that the central bank is underestimating persistent price pressures.

Benzinga

Jamie Dimon is holding secret meetings with Trump on economy as ice thaws between the two

JPMorgan Chase CEO reportedly used meetings to defend Federal Reserve Chair Jerome Powell

The Independent UK

FTSE 100 closes down after US inflation figures temper tech firms’ results

The index closed down 4.13 points at 9,132.81.

The Independent UK

Trump's Inflation Honeymoon Is Over—And Powell's Patience Pays Off

The inflation lull that helped President Donald Trump keep pressure on the Federal Reserve is over as June's data show the tariffs are finally hitting consumer prices—and Fed Chair Jerome Powell was wise to hold his ground.

Benzinga

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'Delusional World:' Analyst Slams Jerome Powell's Inaction As Experts Debate Possibility Of Six Cuts Starting September

While the Federal Reserve’s decision to hold interest rates steady was widely anticipated, a rare dual dissent and nuanced language in the FOMC statement have left experts divided on whether Chair Jerome Powell will hold steady through 2025 or embark on aggressive rate cuts.

Benzinga

Bitcoin Steadies At $118,000 As Ethereum, XRP, Dogecoin Push Higher

Cryptocurrency markets are up on Thursday, reversing a short-lived dip following a ‘hawkish’ press conference by Federal Reserve Chair jerome Powell.

Benzinga

The Fed’s Powell said ‘downside risks’ six times in his press conference yesterday—is that bad news for tomorrow’s jobs number?

The jobs number (nonfarm payrolls, to give its technical name) is due out tomorrow. Expect stocks to react strongly if it comes in weak.

Fortune

Odds of 'Zero' Fed Rate Cuts In 2025 Surge To 25% After Jerome Powell's Press Conference: 'Rate Cuts Are Being Priced-Out Of Markets'

The probability that the Federal Reserve could keep interest rates unchanged throughout 2025 surged on Wednesday following Chair Jerome Powell's latest remarks, adding fresh uncertainty to the outlook for monetary policy.

Benzinga

Powell didn’t just refuse to deliver a rate cut—he also hinted a raise might have been on the cards

Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing interest rates.

Fortune

Stocks Soar Before the Open on Upbeat Meta and Microsoft Results, U.S. PCE Inflation Data and More Big Tech Earnings on Tap

September S&P 500 E-Mini futures (ESU25) are up +0.97%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.30% this morning as forecast-beating quarterly results from Meta and Microsoft boosted sentiment.

Barchart

Trump, Jamie Dimon Reportedly Meet After President's Fed Visit, Ending Years-Long Rift: What Changed?

Jamie Dimon, the CEO of JPMorgan Chase Co. (NYSE:JPM), has reportedly visited the White House twice in the past two months. This marks a significant shift in the relationship between the head of the largest American bank and President Donald Trump.

Benzinga

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Benzinga

Stock Market Today: S&P 500, Nasdaq To Open Higher After Robust Meta, Microsoft Earnings—Investors Await Apple, Amazon Results

U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.

Euronews

Fed's Powell leaves interest rates unchanged despite Trump demands

The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, as was expected.

Benzinga

Fed Holds Rates Amid Trump's Demands For A Cut: Powell 'More Hawkish Than Anyone Expected,' Say Economists — Historic' Dissent Noted

Analysts and experts are reacting to the Federal Reserve keeping its benchmark interest rate unchanged at 4.25% to 4.50% on Wednesday’s Federal Open Market Committee Meeting, amid mounting pressure from President Donald Trump to deliver immediate and aggressive rate cuts.

The Independent UK

Asian shares are mixed after US stocks fall on weakened hopes for a September interest rate cut

Asian shares are mixed after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September

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Benzinga

Bitcoin, Ethereum Move Sideways, Dogecoin Falls Amid Jerome Powell's Hawkish Tone On Rate Cuts: Analyst Says Dip Temporary Before BTC Highs

Leading cryptocurrencies felt the pinch on Wednesday after Federal Reserve Chair Jerome Powell said “no decision” has been made on a September rate cut.

Reason

The Federal Reserve Rightly Rejects Trump's Calls for Lower Interest Rates

Maintaining the elevated federal funds rate makes borrowing more expensive, but the alternative is artificially cheap money, malinvestment, and inflation.

Kiplinger

Stocks Are Up and Down on Fed Day: Stock Market Today

In another sign of changing times, JPMorgan has partnered with Coinbase to enable cryptocurrency purchases with credit cards.

Benzinga

Powell Puts Breaks On September Rate Cut—And Trump Triggers A Metal Market Crash

Federal Reserve Chair Jerome Powell held firm on monetary policy, calling the central bank's current stance “modestly restrictive” and reiterating that no decision has been made about a rate cut in September.

Barchart

‘Is Jerome Powell Just Evil?’: Grant Cardone Slams Fed Chair Because ‘High Interest Rates’ Are Hurting ‘Regular People’

Grant Cardone’s critical view of high U.S. interest rates reflects his longstanding advocacy for everyday investors and aggressive style in challenging financial policy.

Al Jazeera

US Federal Reserve leaves rates unchanged despite Trump pressures

The decision also drew dissent from two of the central bank’s governors, both Trump appointees.

The Independent UK

Trump hits ‘too late’ Jerome Powell as Federal Reserve keeps interest rates steady despite two board dissenters

President has failed to bully the central bank into lowering interest rates to artificially boost the US economy but double dissent on board is rarity

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