The Latest Breaking News from Jerome Powell

December S&P 500 E-Mini futures (ESZ24) are down -0.08%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.09% this morning as market participants looked ahead to remarks from Federal Reserve Chair Jerome Powell and other Fed officials as well as a fresh batch of U.S. labor market data, with…

The main indexes gained ground Thursday as strong earnings from memory chipmaker Micron fueled AI optimism.

Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.

President Biden discusses the Federal Reserve's rate cut, critiques Trump's economic policies, and emphasizes economic recovery in a speech at the Economic...

“This is not something that the Fed can really fix,” he said after delivering a historic rate cut.

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

Western investors, through physical ETFs, are finally joining the global gold rush led by central banks, Asian investors, and wealthy investors. Holdings of physically backed gold ETFs have risen by 90.4 tons, equivalent to $7.3 billion, since May, according to data from the World Gold Council, and GLD holdings expanded…

Are we looking at a recession, or soft landing? Either way, a rate-cutting environment has big implications for your stocks, bonds, and savings.

"We're always going into this meeting and asking 'What's the right thing to do for the people we serve?' We do that and we make a decision as a group and then we announce it. That's always what it is, it's never about anything else."