The Latest Breaking News from Jerome Powell

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.

The Federal Reserve’s quarterly projection included lower growth and higher inflation; the Fed also maintained its previous expectation of two interest rate cuts.

Of course dramatic tension is high on Fed Day, only this time it's about war and peace as well as monetary policy.

The US central bank held rates steady despite backlash from President Donald Trump.

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate hold

Faced with a blurry forecast for the U.S. economy, the Federal Reserve continued its pattern of keeping interest rates at their current levels.

The president also joked about whether he can appoint himself to head the Fed

ANALYSIS: Here are a handful of factors likely impacting the Fed’s interest rate decision being announced today.

Here’s a snapshot of the action this morning prior to the opening bell in New York.

June S&P 500 E-Mini futures (ESM25) are up +0.20%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.33% this morning, pointing to a slightly higher open on Wall Street after yesterday’s drop, while investors await the Federal Reserve’s policy decision and updated projections, as well as Chair Jerome Powell’s…