City Powell, county Jerome Financial News
13.01 / 07:35
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He’s their daddy. Meme-stock traders rush to Powell’s defense.
Subscribe to enjoy similar stories. When Jerome Powell went public with his defense of the Federal Reserve’s independence, the central bank’s chair found an unlikely army standing behind him: the meme-stock crowd. “He is an American hero," one user, using the handle 4Yk9gop, posted on Reddit.
13.01 / 01:39
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economy
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Mint Quick Edit | India’s Goldilocks economy: A peace dividend of monetary-fiscal policy harmony
Subscribe to enjoy similar stories. With food prices falling less, headline inflation has shown a modest uptick in December. Government data released on Monday put India’s consumer price index-based year-on-year rate of inflation at 1.33%, up from just 0.71% in November.
13.01 / 01:39
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Justice
Investigations
The Fed-Trump feud: What you need to know
Subscribe to enjoy similar stories. The Justice Department’s investigation of Federal Reserve Chair Jerome Powell represents an escalation of an unprecedented White House campaign to shape what happens at the central bank. The investigation is centered on testimony Powell gave to Congress last summer, when he defended the Fed’s expensive efforts to renovate its headquarters in Washington.
13.01 / 01:39
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2020
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Trump has complained about Pam Bondi repeatedly to aides
Subscribe to enjoy similar stories. President Trump has complained to aides repeatedly in recent weeks about Attorney General Pam Bondi, describing her as weak and an ineffective enforcer of his agenda, administration officials and other people familiar with his complaints said. The criticisms appear to be part of an intense campaign by Trump to pressure the Justice Department to more aggressively pursue his priorities, some of the officials said.
12.01 / 14:07
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For years, Powell avoided fighting Trump. That’s over.
Subscribe to enjoy similar stories. For years, Federal Reserve Chair Jerome Powell has responded to President Trump’s broadsides in ways that generally avoided escalation. That changed on Sunday night.
12.01 / 12:43
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Gold breaks through $4,600 on Fed concerns, haven boost
Subscribe to enjoy similar stories. Gold prices climbed to a record high, breaking above $4,600 a troy ounce as a criminal probe into Federal Reserve Chair Jerome Powell revived concerns over the central bank’s independence, while protests in Iran boosted demand for safe-haven assets. In midmorning European trading Monday, futures in New York rose 2.2% to $4,600.50 an ounce after touching an intraday high of $4,612.70.
12.01 / 12:43
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With Fed in the crosshairs, Trump the ‘everywhere’ president tests the ‘everything’ rally
Subscribe to enjoy similar stories. The dollar fell the most in three weeks in overnight trading, while Treasury bond yields retreated and gold soared to a fresh record high as global markets reacted to a U.S.
12.01 / 06:47
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Trump’s investigation of Powell is also a warning to the next Fed chair
Subscribe to enjoy similar stories. The criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power.
12.01 / 03:45
President
Justice
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Federal Reserve received Justice Department subpoena threatening criminal indictment
Subscribe to enjoy similar stories. The Federal Reserve received grand jury subpoenas from the Justice Department on Friday that threaten a criminal indictment relating to Chair Jerome Powell’s testimony last summer about the central bank’s building renovation project, the Fed chair said in a video statement on Sunday night.
24.12 / 11:37
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Trump’s Fed chair pick puts Bessent in the crosshairs. What he has to lose.
Subscribe to enjoy similar stories. Treasury Secretary Scott Bessent is on the precipice of what may be the defining event of his government career. President Donald Trump has said he will choose the next chair of the Federal Reserve by early January.
23.12 / 07:01
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How Shakespeare captured this year’s economic themes more than four centuries after he wrote his plays
William Shakespeare excelled at stagecraft. The themes in his plays were simple, but their effect dramatic. The bard’s words still resonate in many contexts—such as the economic themes of 2025.
14.12 / 13:47
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COST
Strategy
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wellness
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Trump’s ‘run it hot’ economic strategy may keeps stocks rolling. Not so much for bonds.
Subscribe to enjoy similar stories. A list of reasons to be bullish laid out succinctly in a weekly Bank of America report suggests stocks are likely to extend their record run well into the coming year. The president’s economic plans have a lot to do with it.
11.12 / 11:29
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Fed’s fractured vote signals trouble ahead for future rate cuts
Subscribe to enjoy similar stories. Jerome Powell pushed through a rate cut Wednesday over the broadest reservations of his nearly eight-year tenure, and in doing so, implicitly delivered a pointed message to President Trump and his own successor: Cutting rates is harder than it looks. The decision drew three dissents—two from officials who opposed any cut and one from a Trump ally who wanted a larger reduction.
11.12 / 11:29
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Target
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Citigroup
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show
Powell’s hawkish talk could just be talk. Why the Fed might not be done cutting rates.
Subscribe to enjoy similar stories. The Federal Reserve lowered interest rates for the third time in four months on Wednesday while signaling that further easing is far from assured.
11.12 / 03:45
markets
UPS
economy
show
Department
Fed Chair Jerome Powell says U.S. may be drastically overstating jobs numbers
Subscribe to enjoy similar stories. Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring. Powell said that Fed staffers believe that federal data could be overestimating job creation by up to 60,000 jobs a month.
10.12 / 02:11
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economy
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Malhotra’s first year as RBI governor saw India’s economy break into a Goldilocks run but we can’t take it for granted
Uneasy lies the head that wears the crown,” wrote Shakespeare in his play Henry IV. The English playwright was talking about a king by that name, not of any central bank governor.
06.04 / 10:55
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economy
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Equality
Fed is in “no hurry” to lower rates. Don’t be surprised by multiple cuts.
Subscribe to enjoy similar stories. President Donald Trump has already succeeded in two of his key economic goals, bringing down long-term interest rates and oil prices. That has been accomplished via a crash in asset values brought about by perhaps the largest tax increase in modern U.S.
05.04 / 17:29
markets
DOW
Trade
President
War
reports
Donald Trump tariffs sent US stock market into chaos. Here's how
US stock market has started witnessing a chaos. President Donald Trump's big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6 per cent on Friday, the Dow Jones Industrial Average plunged 5.5 per cent and the Nasdaq composite dropped 5.8 per cent. Wall Street went into free fall, following similar collapses in Asia and Europe. For a second straight day, markets plunged, wiping vast sums off investment and retirement portfolios alike. US Federal Reserve Chairman Jerome Powell warned the tariffs were likely to spur «higher inflation and lower growth», as per an AFP report. Losses in US financial markets were estimated at more than $6 trillion since Trump unveiled his «Liberation Day» tariffs. Trump, who unveiled his barrage of import duties against dozens of countries Wednesday, was unrepentant, posting that «my policies will never change,» AFP reported. «This is a great time to get rich,» he wrote.
05.04 / 13:33
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social
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Did Warren Buffett say that Donald Trump was making the best economic moves in over 50 years? Video goes viral after President shares on social media; here's what Berkshire Hathaway says
Warren Buffett, the legendary investor and Berkshire Hathaway CEO, complimented Trump's economic policies, as per Fortune.
05.04 / 06:25
markets
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President
War
social
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Did Warren Buffett really call Trump’s tariff move ‘the best economic move in 50 years’?
Warren Buffett wants the world to know: he’s not cheering Donald Trump’s tariff spree. And he hasn’t said a word about it—despite what viral videos and presidential posts might suggest. Berkshire Hathaway issued a rare public statement on Friday, flatly denying that Buffett ever praised Trump’s recent economic measures. “There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said. The clarification came hours after US President Donald Trump shared a video on Truth Social claiming Buffett had declared Trump was making “the best economic moves he’s seen in over 50 years.” The video, originally posted by an Instagram user called «AmericanPapaBear,» suggested Trump was “crashing” the stock market on purpose to make equities cheaper for the middle class. Trump’s repost came just as global markets were convulsing in response to his new tariffs.
04.04 / 15:33
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Remark
wellness
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exclusive
Powell sees tariffs raising inflation and says Fed will wait before further rate moves
Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the central bank won't move on interest rates until it gets a clearer picture on the ultimate impacts.
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