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.
Jerome Powell cautions that Trump's tariff plans could lead to persistent inflation, influencing the Fed's approach to interest rate cuts. As trade tensions rise, the economic outlook remains uncertain.
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.
The FTC has approved a significant merger between Omnicom and Interpublic, creating the world's largest advertising agency. This decision reflects Chairman Andrew Ferguson's commitment to addressing conservative grievances while navigating antitrust laws. The settlement includes measures for compliance and oversight, ensuring fair practices in the advertising industry.
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?
