Jerome Powell

U.S. job openings hit a five-month high in October, signaling steadier demand, but slower hiring points to a cooling labor market— a trend that could influence the Federal Reserve's interest rate decision, which is due Wednesday. Openings Up, Hiring Slows According to the Job Openings And Labor...

A 25-basis-point cut is almost fully priced for the Dec. 10 Federal Reserve meeting, with CME FedWatch data showing nearly a 90% chance for the third straight interest-rate reduction. Yet, some analysts are warning traders not to get overly excited about the move itself. Two forces may actually end...

Economist Kevin Hassett currently serves as the Director of the National Economic Council, but could soon find himself named the next Federal Reserve Chairman, based on prediction market odds and comments from President Donald Trump. Trump recently referred to Hassett as a "potential future Fed...

Kevin Hassett, the National Economic Council (NEC) Director, addressed the speculation about his potential nomination as the next Federal Reserve Chair by President Donald Trump. Hassett Weighs In On Powell Replacement News In an interview on CBS News’s “Face the Nation,...

Kevin Hassett has emerged as the clear frontrunner to replace Jerome Powell as Federal Reserve chair next May, a shift that could reshape U.S. monetary policy and affect global markets, particularly if Hassett brings a more dovish stance as expected. The SPDR Gold Shares (NYSE:GLD) is up for the...

White House National Economic Council Director Kevin Hassett has emerged as the leading candidate to become the next Federal Reserve Chair, according to a report published Tuesday. Trump’s ‘Close Ally’ For Fed’s Top Position? Hassett, who led the Council of Economic...

President Donald Trump issued his sharpest critique yet against Federal Reserve Chair Jerome Powell, while confirming that he’s begun interviewing candidates for the top central bank role. Trump Wants Powell Out ‘Right Now’ Speaking with the media from the Oval Office on Tuesday,...

The longest government shutdown in U.S. history is set to end within hours—but it's already left a lasting scar on the economy's data map since two of the most vital inputs for the Federal Reserve won't be released. White House Press Secretary Karoline Leavitt took the data blackout as an...

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting. Bessent Says Trump’s Spending Cuts To Ease Inflation Bessent, in his...

Wall Street's love affair with mega-cap tech shows no signs of cooling. The S&P 500 just wrapped up its sixth straight month of gains, climbing more than 40% since the post-tariff lows in April. But once again, it's the so-called Magnificent Seven doing the heavy lifting. Nvidia Corp. (NASDAQ:...

A survey by Goldman Sachs Group Inc. (NYSE:GS) found that just 11% of clients in the technology, industrial, and finance sectors are actively cutting jobs as a result of AI adoption. The report gathered insights from more than 100 Goldman Sachs investment bankers. AI Drives Productivity Overcuts...

The Federal Reserve's latest decision to pause its long-running balance sheet reduction may have a greater medium-term impact on financial markets than its current interest rate path, analysts have warned. Stocks Seen Driven By AI Optimism In Near Term The shift in liquidity could dampen sentiment...

Leading cryptocurrencies fell alongside major stock indexes on Wednesday as Federal Reserve Chair Jerome Powell said that a year-end interest rate cut is “not a foregone conclusion.” Cryptocurrency Gains +/- Price (Recorded at 9:25 p.m. ET) Bitcoin (CRYPTO: BTC) -1.55% $110,501....

Fed Chair Jerome Powell threw cold water on investor hopes for another interest rate cut in December, stressing that the Federal Open Market Committee remains deeply divided and that the road ahead is clouded by data gaps and conflicting risks between the central bank’s objectives. Speaking...

A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the S&P 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's highly...