The Latest Breaking News from Jerome Powell

“I have a Fed person who is not really doing a good job,” the president said at a rally.

The Dow Jones and other indexes plummeted after economic reports in the stock market today. Nvidia fell on Super Micro Computer's report.

The White House criticised Amazon after a report said it planned to inform customers how much tariffs will cost them.

Plus: Amazon vs. Trump, RFK Jr. gets in trouble, and more...

Drop comes amid a huge fall in consumer sentiment, which in April dropped 32% to lowest level since 1990 recession

The president’s approach: tackle problems that don’t exist via policies that won’t work

Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors.

Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.

“The president putting this pressure on the Fed would not actually achieve his goal, if his goal is lower mortgage rates,” said Chen Zhao, Redfin economics head.

President Donald Trump said he’s made “200 deals” on tariffs but declined to say with whom.

Throughout the 2024 presidential election campaign, Donald Trump denied claims he intended to shape his second administration’s policies around Project 2025, the Heritage Foundation’s blueprint for a renewed conservative America. But despite his repeated denials, Trump 2.0 has adopted much of Project 2025 into the White House’s agenda.