The Latest Breaking News from Jerome Powell

Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the US central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.

U.S. Federal Reserve Chair Jerome Powell painted a rosy picture around the U.S. economy ahead of key jobs data due Friday. The strength of the economy is allowing the Fed to be more cautious with interest rates.

Trump tariffs could prove to be the pin that pops the bubble on Fed cuts next year.

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury secretary, with markets buoyed by comments on tariffs.

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

Federal Reserve's cautious approach to interest rates influenced by strong economic reports and Trump's policies.

From higher tariffs to mass deportations, here's what economists are watching

December S&P 500 E-Mini futures (ESZ24) are down -0.14%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.12% this morning as market participants looked ahead to an earnings report from semiconductor stalwart Nvidia, a new batch of U.S. economic data, and comments from Federal Reserve officials.

A warning from US central bank boss Jerome Powell that reductions in borrowing costs were not preset dented optimism last week, while traders were also keeping tabs on the president-elect's cabinet choices, with several China hawks lined up.