The Latest Breaking News from Jerome Powell

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy

“History also suggests that the full consequences of AI for the labor market might not become apparent until a recession hits.”

December S&P 500 E-Mini futures (ESZ25) are down -1.18%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -1.65% this morning as sentiment weakened after China hit back at the U.S. on shipping.

December S&P 500 E-Mini futures (ESZ25) are up +1.38%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.84% this morning, signaling a rebound from Friday’s sell-off on Wall Street as sentiment improved after U.S. President Donald Trump softened his stance on tariff threats against Beijing.

“There was nothing political about it,” the Fed governor told CNBC. “Just serious economic discussion.”

Following a series of intense interviews, Treasury Secretary Scott Bessent has reportedly cut President Donald Trump's list of Federal Reserve chair candidates to down to five, from an initial pool of eleven.

The Bank of England has warned that the loss of confidence in the U.S. Federal Reserve's independence or a reversal in AI-driven market optimism could trigger a global selloff.

Fundstrat’s Tom Lee has expressed optimism about the U.S. economy despite the ongoing government shutdown, citing two key factors that could drive investor confidence.

Former White House Communications Director Anthony Scaramucci criticized President Donald Trump’s trade and tariff policies, blaming them for rising inflation, along with the slowdown in business and consumer demand.

Observers are cautioning about a possible bubble in AI. Is Meta stock a buy or a sell as the stock trades above its historical valuations on optimism over its AI business?

Markets face a week of critical catalysts including the ongoing US government shutdown impacting federal operations, Tesla's (TSLA) Full Self-Driving v14 release Monday, OpenAI's developer conference showcasing AI advancement, and Friday's September jobs report.