Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Key Points

Federal Reserve Chair Jerome Powell on Tuesday said he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.
The cautious tones could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.
Powell will present his speech, along with the Fed’s monetary policy report, first to the House Financial Services Committee on Tuesday morning, then the Senate Banking Committee a day later.

Source

Finance

Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip

January 28, 2026

Key Points Starmer brings nearly 60 business and cultural groups on first U.K. leader visit to China in eight years. Talks with Xi and Li focus on trade, investment and national security. Visit follows a surge of foreign leaders engaging Beijing amid global tensions. Source

Finance

Dollar suffers worst one-day slide since last April after Trump says currency hasn’t fallen too low

January 27, 2026

Key Points The U.S. dollar fell about 1.3% on Tuesday, posting its worst day since April 10, 2025. It touched its lowest level since February 2022. During his visit to Iowa, President Donald Trump was asked whether he was comfortable with the current value of the greenback. “I think it’s great,” Trump said of the […]

Finance

Stocks making the biggest moves after hours: Texas Instruments, Seagate Technology, Qorvo and more

January 27, 2026

Check out the companies making headlines in after-hours trading. Texas Instruments — The chipmaker jumped more than 9% after issuing better-than-expected guidance for the first quarter. Texas Instruments now sees earnings per share of between $1.22 and $1.48, and revenue between $4.32 billion and $4.68 billion. Analysts expected earnings of $1.26 per share on $4.42 […]