The Latest Breaking News from Jerome Powell

The price of gold fell from a record $5,600 to $4,770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines?

After months of speculation, US President Donald Trump confirmed he will be nominating Kevin Warsh as the next chair of the US Federal Reserve. The appointment has been closely watched in the context of Trump’s ongoing conflict with the Fed and its current chairman Jerome Powell.

Trump nominated Kevin Warsh, an ex-Fed governor, for the role as the White House continues to attack Jerome Powell

After months of speculation, President Donald Trump nominated Kevin Warsh on Jan. 30, 2026, to be the next chair of the Federal Reserve.

A "long-overdue correction" temporarily halted a massive rally in gold and silver, while the Dow took a hit from negative reactions to blue-chip earnings.

‘I don't think the American people are going to like that,’ Thom Tillis tells The Independent

The former Fed governor is a strong critic of the Fed and shared his plans to shape the central bank in 2025.

The new producer price index report complicates the administration's push for lower interest rates.

The index closed with an increase of more than 51 points to 10,223.54.