The Latest Breaking News from Jerome Powell

It’s also unclear how much interest rate cuts can "stem the bleeding" from tariffs, Renaissance Macro’s Neil Dutta said.

European Central Bank chief Christine Lagarde said Tuesday that she hoped US President Donald Trump would not oust the country's central bank boss Jerome Powell prematurely.

The rush for safety saw gold hit yet another record above $3,500, and while the dollar steadied after the previous day's selloff, it remained under pressure against its major peers.

Experts believe US President Donald Trump could introduce unprecedented losses to US equities and the devaluation of the greenback if he ousts US Federal Reserve Chair Jerome Powell.

Dollar also recovers after Monday’s sell-off prompted by Donald Trump’s attack on Federal Reserve chair

Analysts expressed a high degree of nervousness at the prospect that Powell might be replaced by someone who would give Trump more direct political control over the Fed.

June S&P 500 E-Mini futures (ESM25) are up +0.98%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.05% this morning, signaling a rebound from yesterday’s sell-off on Wall Street, while investors await comments from Federal Reserve officials and a raft of corporate earnings reports, with a particular focus on…

Trump has urged the Fed lower interest rates immediately

US president Donald Trump has been increasingly calling for the Federal Reserve to lower interest rates, claiming that there is "virtually no inflation", as energy and grocery prices continue to decrease considerably.