The Latest Breaking News from Jerome Powell

Facing pressure from retail CEOs and spooked markets, President Donald Trump toned down his tariff threats and signaled potential trade talks with China.

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the…

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

Then he tried to make it worse with threats to fire Federal Reserve chairman, which sent the market spiraling

Bitcoin is on its way to $100,000, resuming the cryptocurrency's uptrend movement amid rising hopes for Trump's global trade war to ease up in the coming days.

Asian stocks rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically.

Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.