Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’

Key Points

Fed Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues.
The statement resolves for the moment a key question that hovered over the Federal Open Market Committee meeting.
“The things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long,” Powell said.

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Finance

Intel and Micron are poised to break major milestones

May 5, 2026

Options Action Intel and Micron are poised to break major milestones Published Tue, May 5 20262:51 PM EDTUpdated 56 Min Ago Oliver Renick@OJRenick WATCH LIVE Source

Finance

Anthropic CEO warns of cyber ‘moment of danger’ as AI exposes thousands of vulnerabilities

May 5, 2026

Key Points Anthropic CEO Dario Amodei warned Tuesday that there is a 6-to 12-month window to patch tens of thousands of software vulnerabilities uncovered by the company’s Mythos model before Chinese AI catches up. Amodei and JPMorgan Chase CEO Jamie Dimon appeared together at an Anthropic financial services event, signaling the AI giant’s lead in […]

Finance

SEC is close to ending mandatory quarterly earnings reports that Trump called for

May 5, 2026

Key Points The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs. The move brings regulators closer to a structural change that Trump has advocated, arguing that mandatory quarterly reporting encourages a short-term mindset and distracts […]