The Latest Breaking News from US Federal Reserve

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.

According to the president, the U.S. economy will begin to slow down unless the Fed “lowers interest rates, NOW.”

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks...

Editorial: The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaos

Jerome Powell is a soft target for the president amid economic instability. But getting rid of him would only invite more chaos

As Trump's tariff battles and attacks on the Fed agitate markets, business professor Scott Galloway predicts that high-profile executives will soon speak out.

Uncertainty is the term most often applied to this stock market. Uncertainty over tariffs. Uncertainty of whether the S&P 500 (SPY) will fall into bear territory. Uncertainty over what happens next. Steve Reitmeister dives into the uncertainty to make sense of the market in this week’s commentary.

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