What Fed Chair Jerome Powell says about rising inflation expectations can spook stock markets. tastylive's Head of Global Macro Ilya Spivak previews a speech from the head of the Federal Reserve. If his comments trim rate cut speculation for next year,

President Trump lashes out at Fed Chair Jerome Powell, blaming him for persistently high inflation and sluggish price relief. Here’s what’s driving the political and economic tension.

It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is likely to be even tougher.

( NewsNation) — A senior White House official told NewsNation that President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon. Trump denied reports on Wednesday, telling reporters he was unlikely to fire Powell anytime soon despite having repeatedly clashed with the Fed chair over interest rates.

Wall Street watches the major averages whipsaw, following a softer-than-anticipated wholesale inflation report and news that President Trump indicated that he will fire Jerome Powell.

Economists expect the Consumer Price Index, to be released at 8:30 a.m., to show that the annual rate of so-called core inflation edged up to 3 percent in June as businesses started to pass some of the $100 billion collected in import taxes along to consumers.

Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."

Bill Pulte, who oversees Fannie Mae and Freddie Mac, applauded chatter stating Federal Reserve chair Jerome Powell would soon depart from his position. “I’m encouraged by reports that Jerome