The Latest Breaking News from Jerome Powell

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt.

The Fed says the economy will grow and unemployment will decline. So why did it cut interest rates on Wednesday?

When the Federal Reserve is concerned about inflation, it increases the federal funds rate. Despite expressing such concerns, the Fed lowered it.

Request sets stage for historic test of presidential power as Trump pursues greater control of the Federal Reserve

The dissent at the Federal Reserve this week shows its future does not look like its past.

Jerome Powell delivered a 25bps rate cut, but Wall Street’s muted reaction reflects concern it was a risk move on jobs, not confidence.

September S&P 500 E-Mini futures (ESU25) are up +0.84%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.10% this morning, pointing to a sharply higher open on Wall Street after the Federal Reserve cut interest rates for the first time since December and signaled more reductions could follow soon.

European stocks rallied on Thursday after the Fed cut rates to 4.00%–4.25% and signalled more easing. Markets cheered the dovish tone, boosting equities across the eurozone, with tech and bank shares leading the gains.

Donald Trump wants drastic rate cuts – and his campaign to exert greater political control over the Fed continues