Asian stocks are on shaky ground as President Trump considers replacing Fed Chair Jerome Powell, raising concerns about the central bank's independence and market stability. With looming tariffs and inflation fears, investors are on high alert.
President Trump may soon announce a replacement for Jay Powell, stirring fears on Wall Street. As markets react, corporate leaders scramble to find a candidate against Zohran Mamdani for New York mayor.
The pound briefly soared to its highest level against the dollar in nearly four years, driven by reports of Trump possibly replacing the Fed chair. As the dollar weakens, concerns grow over the independence of the Federal Reserve.
Wall Street's main indexes showed mixed results as the market reacts to Fed Chair Jerome Powell's cautious remarks and geopolitical tensions ease between Israel and Iran. FedEx and General Mills face profit forecast challenges.
Federal Reserve Chair Jerome Powell warns that Trump's tariffs create uncertainty for the U.S. economy, influencing the Fed's decision on interest rates. Despite calls for faster cuts, Powell emphasizes caution amid inflation concerns.
Tensions rise as President Trump pushes for interest rate cuts, clashing with Fed Chair Jerome Powell's cautious stance. With inflation down but unemployment creeping up, the stakes for the economy are higher than ever.
Stock futures jumped after President Trump revealed a ceasefire timeline for Israel and Iran, boosting market confidence despite recent tensions. Traders are now looking ahead to Fed Chair Powell's testimony.
Fed Chair Jerome Powell signals that rising tariffs could lead to increased inflation, urging caution as the economy shows signs of potential stagflation. Will your wallet feel the pinch soon?
Fed Chair Jerome Powell announced that the central bank will maintain interest rates amid rising inflation concerns linked to tariffs. This decision could impact borrowing costs and consumer spending in the coming months.
In a candid Baccalaureate address at Princeton, Fed Chair Jerome Powell shared his unexpected career journey, revealing how he originally dismissed economics as 'boring' and how his time in a warehouse shaped his future.
