Jerome Powell

On Sunday, Federal Reserve Chair Jerome Powell said the Department of Justice had threatened the central bank with “criminal indictment” over his testimony before Congress, relating to its building renovation costs. These Are Just ‘Pretexts’ This marks a major escalation in...

The Congressional Budget Office (CBO) has projected that the Federal Reserve will likely reduce short-term rates in 2026, with the key interest rate anticipated to settle at 3.4% by the end of President Donald Trump‘s term in 2028. CBO Flags Higher Yields, Slower Growth Ahead The...

Economist Peter Schiff pushed back against President Donald Trump’s latest claims on inflation, where he placed the blame squarely on former President Joe Biden and congressional Democrats. GOP’s Spending Fueled Inflation On Wednesday, in a post on X, Schiff said that Trump’s...

U.S. stock futures are in the red early morning on New Year’s Eve, after markets ended lower on Tuesday, as hopes of a year-end Santa Claus rally begin to fade. Markets are also jittery following President Donald Trump’s latest threats against Federal Reserve Chair Jerome Powell on...

The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), reached multiple new all-time highs in 2025, including a record during the week of Christmas. A market expert tells Benzinga that gains in 2026 could be much smaller, with several uncertainties that are...

Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan says America's fixation on Federal Reserve rate moves has overshadowed the private sector's role in powering the economy, even as mounting political pressure raises fears over the central bank's independence. Moynihan Says Fed Focus Distracts From...

President Donald Trump escalated his long-standing feud against Federal Reserve Chair Jerome Powell, threatening legal action against the latter, and sparking fresh concerns regarding the central bank’s independence. Trump Threatens Lawsuit Over ‘Gross Incompetence’ Speaking at a...

Sen. Elizabeth Warren (D-Mass.) is sounding the alarm following President Donald Trump’s latest comments regarding his pick for the next Chair of the Federal Reserve, after Jerome Powell retires in May 2026. The Next Fed Chair Will Be A ‘Puppet’ On Tuesday, in a post on...

The November Consumer Price Index report arrives at a sensitive moment for markets, with investors already scaling back expectations for further Federal Reserve easing. Markets are currently pricing in just a 24% chance of a fourth consecutive Federal Reserve rate cut in January, according to Fed...

President Donald Trump is reportedly set to interview U.S. Federal Reserve Governor Christopher Waller for the position of Fed chair on Wednesday. Waller Seen Favoring Further Rate Cuts The selection process is described as fast-moving, with the possibility of meetings being rescheduled or...

Rate-market pricing swung sharply after Wednesday's Federal Reserve meeting. Traders lowered expectations for a January rate cut following Chair Jerome Powell's signal that the Committee will “wait and see” how the economy evolves. On Thursday, retail prediction market Polymarket showed...

Leading cryptocurrencies gave up gains on Wednesday as Federal Reserve Chair Jerome Powell’s remarks cooled expectations for rate cuts in 2026. Cryptocurrency Gains +/- Price (Recorded at 8:10 p.m. ET) Bitcoin (CRYPTO: BTC) -1.14% $91,244.67 Ethereum (CRYPTO: ETH)   ...

Stocks rallied sharply on Wednesday despite Federal Reserve Chair Jerome Powell striking a neutral tone after the central bank's third consecutive rate cut, dashing expectations for further easing in January. The Russell 2000 — as tracked by the iShares Russell 2000 ETF (NYSE:IWM) — surged 1.7% to...

Cryptocurrency bettors are almost certain that the Federal Reserve will enact a quarter-point interest rate cut at the end of its December meeting on Wednesday. Prediction Markets Give A Thumbs Up The odds of a 25 basis-point cut stood at 97% on the decentralized prediction platform ...

Mortgage rates are unlikely to plunge after this week's Federal Reserve meeting, but borrowers could see a slow, uneven drift lower rather than an immediate break, economists and housing forecasters say. Fed Rate Cut Largely Priced Into Markets The Fed is widely expected to deliver a quarter-point...