Jerome Powell

Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned

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Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned

Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m surprised the market … Read more

Dow falls more than 200 points as DOJ Powell probe raises fear Trump trying to take control of the Fed: Live updates

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Dow falls more than 200 points as DOJ Powell probe raises fear Trump trying to take control of the Fed: Live updates

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Dec. 15, 2025. Brendan McDermid | Reuters Stocks fell Monday after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, an apparent escalation by President Donald Trump in his attempt to pressure the central … Read more

Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation

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Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation

US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025. Saul Loeb | AFP | Getty Images Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell related to the $2.5 billion renovation to the … Read more

Trump will use other tariff authorities to get to ‘same place’ if Supreme Court rules against him: Hassett

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Trump will use other tariff authorities to get to ‘same place’ if Supreme Court rules against him: Hassett

National Economic Council Director Kevin Hassett said Friday that the White House could deploy alternative measures if the Supreme Court rules against President Donald Trump’s use of emergency powers to impose sweeping levies. “There was a big call last night with all the principals to talk about if the Supreme Court were to rule against … Read more

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

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Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. … Read more

After a bruising 2025, the Fed faces another slew of challenges in the year ahead

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After a bruising 2025, the Fed faces another slew of challenges in the year ahead

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee at the U.S. Federal Reserve in Washington, Dec. 10, 2025. Kevin Lamarque | Reuters The Federal Reserve heads into 2026 facing a slew of political and policy challenges, headlined by a new chair and an … Read more

Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026

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Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026

Labor market weakness, uncertainty about inflation and political pressure will push the Federal Reserve to lower interest rates aggressively in the early part of 2026, according to Mark Zandi, chief economist at Moody’s Analytics. Though markets and Fed officials themselves see only modest easing in the year ahead, Zandi expects the central bank to enact … Read more

3 positive signals for Home Depot — and its shareholders — heading into 2026

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3 positive signals for Home Depot — and its shareholders — heading into 2026

The stars look like they’re finally aligning in 2026 for Home Depot — one of seven out-of-favor portfolio stocks that Jim Cramer has called a buy. Although shares are down nearly 11% year-to-date, three recent developments point toward a recovery for the home improvement retailer. 1. November’s cooler-than-expected consumer price index (CPI) is helping the … Read more

Gold and silver prices soar to new highs as the yellow metal reemerges as a hedge

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Gold and silver prices soar to new highs as the yellow metal reemerges as a hedge

Gold and silver prices soared to new highs on Monday. Gold was last seen at a record $4,445.8 per ounce while spot gold was last trading at $4,414.99. Prices are up nearly 70% since the start of the year. The metal has soared this year, smashing consecutive price records as risk assets lost ground. Gold is typically viewed … Read more

The case for more Fed rate cuts could rest on a ‘systematic overcount’ of jobs numbers

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The case for more Fed rate cuts could rest on a ‘systematic overcount’ of jobs numbers

In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation meant a vote, albeit divided … Read more