Jerome Powell
Cleveland Fed’s Hammack warns of ‘challenging time’ amid inflation worries
Federal Reserve Bank of Cleveland President Beth Hammack attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole Economic Policy Symposium, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”, in Jackson Hole, Wyoming, U.S., August 21, 2025. Jim Urquhart | Reuters Cleveland Federal Reserve President Beth Hammack on Monday said the U.S. central […]
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President Trump posts cartoon image depicting him firing Fed Chief Powell
U.S. President Donald Trump passes a document to Federal Reserve Chair Jerome Powell to fact-check the numbers during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump posted on Saturday a cartoon image depicting him firing Federal […]
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‘Spectacular’ AI growth is creating a serious labor market problem for Fed, Jefferies’ David Zervos warns
Fast Money ‘Spectacular’ AI growth is creating a serious labor market problem for Fed, Jefferies’ David Zervos warns Published Sat, Sep 27 202512:00 PM EDT Alexa LoMonaco Stephanie Landsman@stephlandsman WATCH LIVE Source
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Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday. Excluding food […]
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European stocks open lower ahead of U.S. jobs data; H&M surges on earnings beat
Europe-listed stocks opened lower on Thursday, as investors await the latest U.S. jobs data. The pan-European Stoxx 600 was 0.6% lower by 8:14 a.m. in London (3:14 a.m. ET), with most sectors in negative territory. Retail was a bright spot, with the Stoxx Europe 600 Retail index adding 0.6% in early trade. Fashion retail giant […]
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European defense stocks rally after Trump comments on Ukraine; Saab adds 5%
European shares opened lower on Wednesday morning, even as defense equities gained a boost from U.S. President Donald Trump’s latest comments on the conflict in Ukraine. The pan-European Stoxx 600 was down 0.5% at 8:27 a.m. in London (3:27 a.m. ET), with most sectors trading in the red. Defense stocks bucked the trend, with the […]
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CNBC Daily Open: Bad timing for OpenAI’s Stargate to come online
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Talk about bad timing. OpenAI’s first Stargate development to come online — a data center in Texas that’s stuffed to the […]
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CNBC Daily Open: Raining on OpenAI’s parade
The steel frame of data centers under construction during a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters Talk about bad timing. OpenAI’s first Stargate development to come online — a data center in Texas that’s stuffed to the brims with Oracle and Nvidia infrastructure — […]
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Asia markets track Wall Street declines after U.S. Fed chair suggests stocks are overvalued
People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that “equity prices are fairly highly valued.” Powell also signaled that the rate-cutting path wasn’t clear and that the central bank faces a “challenging situation.” Australia’s […]
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Powell says slowing labor market prompted rate cut, sees ‘challenging situation’ ahead
Key Points Fed Chair Jerome Powell said that weakness in the labor market is outweighing concerns about stubborn inflation, leading to a decision to lower the central bank’s key interest rate last week. “This policy stance, which I see as still modestly restrictive, leaves us well positioned to respond to potential economic developments,” he added […]
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