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The Latest Breaking News from Jerome Powell

Trump's Tariff Threat, Inflation Dynamics And Federal Reserve Updates: This Week In Economy

The past week was a rollercoaster ride in the world of economics and finance. From President Donald Trump’s tariff threats against Russia to the Federal Reserve’s cautious stance amidst rising inflation, there was no shortage of headlines.

Benzinga

Powell once said he couldn't imagine leaving the Fed early—other than dying. 'You will not see me getting in the lifeboat'

"It doesn't occur to me in the slightest that there would be any situation in which I would not complete my term other than dying," Powell said in 2019.

Fortune

What if the Fed cut rates to just 1% like Trump wants? An analyst says it's 'ludicrous' and may scare businesses

"As a big business owner looking at rates at 1% or 2%, I'm definitely saying, 'what do you know that I don't?'"

Fortune

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Exclusive: Trade partners have realized America is 'simply not reliable' after Trump's tariff regime, says Elizabeth Warren—believing impact will be felt for generations to come

The White House believes tariffs are a win for American voters, but Sen. Warren tells Fortune the policy has driven up tariff-vulnerable costs, delayed manufacturing investment, and forced the Fed to keep interest rates higher than it otherwise would.

Fortune

Are US tariffs starting to bite? Trump, in denial over rising prices, targets Fed chief Powell

The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buck

The Guardian - US

Stock Market Today: Stocks Step Back From New Highs

Investors, traders and speculators continue the low-volume summer grind against now-familiar uncertainties.

Kiplinger

Wall Street Sets New Records As Magnificent Seven Valuation Tops $18.5 Trillion: This Week In Markets

Wall Street extended its historic rally this week, with major benchmarks such as the SP 500 and the tech-heavy Nasdaq 100 hitting fresh all-time highs, as strong corporate earnings, robust economic data and AI-fueled tech momentum continued to boost investor optimism.

Benzinga

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Trump Just Got A $756 Billion Message From China — And It's Not Friendly

Despite a Washington-Beijing trade truce at May’s Geneva summit, China just dropped its U.S. Treasury holdings to the lowest level in over 16 years ― and the timing couldn't be more telling.

Benzinga

Fed officials grow more outspoken—and split—over interest rate cuts

Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation coming.

Fortune

G20 finance ministers reach consensus on key economic issues

US set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.

Al Jazeera

Stocks climb as market is buoyed by Trump’s decision not to fire Powell

Evening Standard

G20 Nations Agree Central Bank Independence 'Crucial'

The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.

International Business Times

Trump appointees pushed more marble in Fed building renovation White House now attacks

President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates

The Independent UK

Stephen Colbert on Trump’s Epstein controversy: ‘Desperately looking for a scapegoat’

Late-night hosts discuss Trump’s scramble to deflect from his ties to Jeffrey Epstein, his beef with Jerome Powell and CBS’s cancellation of the Late Show

The Guardian - US

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Benzinga

Trump's Fed Pick? He's Cutting First, And Cutting Powell Out

Federal Reserve Governor Christopher Waller made his most assertive case yet for a July rate cut—and signaled he's ready to take Jerome Powell's seat if President Donald Trump asks.

The Guardian - UK

Trump calls Fed chair ‘a numbskull’ who ‘makes it difficult for people to buy a house’

In new attack, US president accuses Jerome Powell of preventing central bank from lowering interest rates

Al Jazeera

Can Donald Trump fire Jerome Powell, US Federal Reserve chair?

Trump questions Fed Chair Powell’s tenure, hints fraud, yet experts view removal improbable due to legal constraints.

Fortune

Jerome Powell sends point-by-point response to White House about Fed office renovations

And addresses speculation about VIP dining rooms and elevators, marble facades and water fountains.

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Fortune

Elizabeth Warren fears Trump's next Fed pick won't have the 'brains and guts' to stand up to him

Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.

Benzinga

Fed Governor Christopher Waller Calls For 25 Bps Cut In July, Cites 'Stall Speed' Jobs Data—Says Tariff-Driven Inflation Shouldn't Stop Easing As Trump Pressures Jerome Powell

Federal Reserve Governor Christopher Waller just made the case for cutting interest rates at the Federal Open Market Committee's July meeting.

Benzinga

Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess

Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.

International Business Times

What To Know About Trump's Effort To Oust Fed Chair Powell

US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters.

The Independent UK

Federal Reserve's Waller says central bank should cut rates at next meeting

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts

The Independent UK

Federal Reserve says building renovation complies with law, defends costs

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans

The Independent UK

Businesses are already passing the cost of tariffs onto consumers, Federal Reserve survey finds

Prices are expected to rise even more by late summer, the Federal Reserve said

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