The Latest Breaking News from Jerome Powell

The Federal Reserve's November meeting post-election raises concerns about political influence on monetary policy decisions.

Presidents are “not permitted under the law” to fire Federal Reserve chair or demote governors, Powell insists

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.

The removal of election uncertainty unleashed a powerful rally in equity markets.

The March Fed meeting is finally here, with Wall Street anxious to see what Jerome Powell & Co. have to say on inflation and interest rates.

RFK Jr and Elon Musk could be two additions to a potential Trump administration, with the former saying he has been "promised" control of America's healthcare.

Eyes will also be on the Federal Reserve's policy decision on Thursday, with expectations for another cut, while the post-meeting statement from bank boss Jerome Powell will be pored over for an idea about its plans for 2025.

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Asian markets fluctuated Tuesday as traders jockeyed for position a day before results from the US presidential election rolled in, with opinion polls showing the vote on a knife-edge as the two candidates wrapped up their campaigns.

Federal Reserve plans to cut interest rates due to cooling inflation, not election uncertainty. Powell emphasizes Fed's independence.

December S&P 500 E-Mini futures (ESZ24) are down -0.02%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.10% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…