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The Latest Breaking News from Jerome Powell

Trump Administration Presses Appeals Court To Oust Fed Governor Lisa Cook Before Key FOMC Meeting

The Trump administration on Thursday urged the D.C. Federal Appeals Court to allow the firing of Federal Reserve Governor Lisa Cook to take effect before the central bank’s interest rate-setting meeting next week.

Benzinga

Will Bonds Rally?

The U.S. Federal Reserve’s main monetary policy tool is the control of short-term interest rates through the Fed Funds Rate. The market expects the Fed to reduce rates at the September FOMC meeting, but lowering short-term rates does not guarantee that longer-term interest rates will decline.

Barchart

Who Wants To Be A Trillionaire? The Fed Chair Game Show

The chair of the Federal Reserve commands one of the most powerful positions in global finance. Whoever holds the role doesn't just steer U.S. monetary policy – but shapes the trajectory of the world's reserve currency, influencing everything from the cost of mortgages in Arizona, to the price of debt…

Benzinga

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US inflation rises in August as firms pass Trump tariffs cost on to consumers

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest rates

The Guardian - US

A ‘perfect alignment’ across markets has Wall Street 100% convinced of a rate cut

Job weakness and softer inflation data push markets to fully price in a September Fed cut, but Powell’s decision could spark volatility if he resists.

Fortune

Inflation likely rose last month as Trump's sweeping tariffs boost goods prices

U.S. inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, putting the Federal Reserve in a tough spot when it meets next week

The Independent UK

Trump Will 'Take Over The Fed,' Larry Kudlow Says

Economist Larry Kudlow predicts President Donald Trump will make big moves at the Federal Reserve when Chairman Jerome Powell steps down.

Benzinga

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Lisa Cook can remain at Fed while fighting Trump dismissal, says judge

A federal judge has temporarily blocked US President Trump from firing Federal Reserve Governor Cook over allegations of mortgage fraud.

Euronews

Trump's fury at Jerome Powell for being 'too late' to cut rates just got extra juice from another shocking jobs number

The U.S. economy created 911,000 fewer jobs than initially thought from March 2024 to March 2025, the Bureau of Labor Statistics revealed.

Fortune

Sorry Jerome, weakening economic data is 'exactly what markets needed', says Wharton professor

Jerome Powell’s Fed faces labor market weakness as Wall Street bets on rate cuts, with Jeremy Siegel and Goldman Sachs backing easing ahead.

Fortune

Trump's Rate Cut Demands Are 'A Recipe For A Bubble,' Says Ruchir Sharma: Points To 'AI Mania,' Surging Equity Markets As Red Flags

According to author, fund manager and columnist, Ruchir Sharma, the Federal Reserve’s much-anticipated rate cut later this month, amid substantial political and economic pressures, risks igniting a dangerous asset bubble.

Benzinga

Scott Bessent Reportedly Threatened Housing Finance Chief Bill Pulte In A 'Bonkers' And 'Unhinged' Confrontation: 'I'm Gonna Punch You'

A private dinner at Washington's ultra-exclusive Executive Branch club turned chaotic Wednesday night after Treasury Secretary Scott Bessent reportedly went into a profanity-laced tirade at the Federal Housing Finance Agency director Bill Pulte.

Benzinga

How Trump’s dismissal of a Fed governor could redefine presidential power – if courts agree that he alone can interpret vague laws

President Donald Trump’s penchant to act first, ask later was on full display recently when he became the first president in American history to fire a member of the Federal Reserve Board.

The Conversation

Wall Street is locked in for a Fed rate cut next week: The only question is how far and how fast Powell will go

“The broader market psychology has shifted,” Convera’s George Vessey says. “The question is no longer if the Fed will ease, but how fast.”

Fortune

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Fortune

Ken Griffin lays down the law on why Trump needs to back off the Fed, saying his meddling could prompt a national debt crisis

Ken Griffin warns Trump’s pressure on Jerome Powell and the Federal Reserve risks eroding U.S. institutional credibility.

Benzinga

Economist Asks Fed To Take Its 'Head Out Of The Sand' On Rates Amid Weak Jobs Report — But Cuts 'Will Harm the Labor Market,' Says Peter Schiff

Prominent economists are sharing their opinions on last week’s weaker-than-expected jobs report, seeing it as a clear sign of a slowdown in America’s labor market.

Benzinga

Trump Could 'Zimbabwify' America, Says Economist Paul Krugman: Warns Against 'Fiscal Dominance' of Monetary Policy

Economist Paul Krugman is raising the alarm against President Donald Trump’s attempts to destroy the Federal Reserve’s independence, in a push for personal control over monetary policy.

Fortune

The Fed got it wrong and is late again, top economist says, as job gains collapse

"So could they play catch-up? Yes, they could. Hopefully they will, but it's a more risky operation than a lot of people expect it to be."

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Benzinga

Scott Bessent Says 'Fed Must Change Course' As Trump Weighs Jerome Powell Successors, Treasury Secretary Calls For 'Nonpartisan Review'

U.S. Treasury Secretary Scott Bessent escalated his criticism of the Federal Reserve on Friday, urging sweeping reforms and accusing the central bank of driving inflation and inequality while President Donald Trump weighs successors to Fed Chair Jerome Powell.

The Guardian - US

Revisions and rising unemployment: what to know about the US jobs report

August’s report gave signs of a cooling labor market with negative job numbers for the first time since 2020 – here’s what we learned

Fortune

Is the Fed ready to go big? Analysts debate jumbo rate cut after soft jobs data

A half-point cut is “now in play,” some analysts say.

Reason

A Bad Jobs Report

Plus: Eric Adams drop-out watch, DOJ investigates Lisa Cook, critiquing Blueskyism, and more...

The Guardian - US

US added just 22,000 jobs in August, continuing slowdown amid Trump tariffs

Latest report also contained more bad news – the US lost 13,000 jobs in June, according to latest survey

Benzinga

Trump Fed Pick Says He's 'Not At All' A 'Puppet' As Elizabeth Warren Warns Stephen Miran Would 'Take An Axe' To Central Bank Autonomy

President Donald Trump‘s Federal Reserve nominee Stephen Miran defended his independence during a contentious Senate Banking Committee hearing on Thursday, as Democrats warned his appointment could undermine the central bank’s autonomy over monetary policy decisions.

Benzinga

Mortgage Rates May Fall Before Fed's Much-Anticipated September Rate Cut: Here's Why

Mortgage rates could slip even before the Federal Reserve formally cuts rates on Sept. 17 because lenders tend to price in expectations ahead of policy moves and mortgages key off the 10-year Treasury yield more than the Fed's short-term rate.

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