Trump considers Fed position in early 2026 to choose Powell’s replacement
The Trump administration is looking at the upcoming Federal Reserve Commission vacancy in early 2026 as an opportunity to choose a successor for central bank chairman Jerome Powell, according to Treasury Department official Scott Bescent. “With the openings coming up in January, we thought it might be possible for someone to step up as chair […]
Stocks Find Support Before Fed Chair Powell’s Testimony
Market Update Currently, the S&P 500 Index is showing a slight increase of 0.25%, while the Dow Jones Industrial Average is down 0.09%. Meanwhile, the Nasdaq 100 Index has risen by 0.58%. E-Mini S&P Futures saw a rise of 0.21% in September, and E-Mini Nasdaq Futures increased by 0.56% during the same period. Stock indexes […]
S&P Futures Steady as Attention Turns to Powell’s Testimony
Market Update This morning, September S&P 500 E-Mini Futures (ESU25) increased by 0.16%, building on yesterday’s gains. Investors are analyzing the additional remarks from Federal Reserve Chair Jerome Powell regarding interest rate expectations. Meanwhile, a ceasefire between Iran and Israel, facilitated by President Donald Trump, seems to be going into effect today, with both nations […]
EUR/USD fluctuates after FOMC, attention turns to Fed Chair Powell’s speech
EUR/USD has moved past 1.1500 following the Fed’s recent rate decision and updates to the DOT plot. The FOMC still projects a 50 basis point cut in 2025, but uncertainty around policy has complicated the dot plot. The EUR/USD experienced some volatility on Wednesday after the Federal Reserve (Fed) decided to keep interest rates steady, […]
USD/JPY falls as the Fed indicates rate cuts this year; attention turns to Powell’s comments
The Fed Maintains Steady Rate Amidst Future Cuts The Federal Reserve has decided to keep interest rates steady, indicating two potential cuts this year. The two-year yield has decreased by 3.9%, pushing USD/JPY down 0.45% to about 144.50 today. Traders are eager for clarity from Chairman Jerome Powell regarding the future rates, especially with ongoing […]
Powell’s term as Fed chair lasts until 2026, Trump is looking for a successor: report
Criticism of Federal Reserve Chairman Powell by Trump Administration Federal Reserve Chair Jerome Powell is under fire from the Trump administration for the central bank’s approach to maintaining stable interest rates. Recent reports suggest that the president is considering potential replacements for Powell within his cabinet. With less than a year remaining in his term […]
No 10 supports Starmer’s remarks on immigration compared to Enoch Powell’s speech.
Downing Street is being compared to the rhetoric of Enoch Powell, and while the Prime Minister refrains from making a direct link, he staunchly defends Keir Starmer’s comments on immigration, asserting they’re “not embarrassing” given his candid approach to the issues. This sentiment comes in the wake of lawmakers criticizing the Prime Minister’s focus when […]
Yvette Cooper claims Starmer’s speech on migration is ‘entirely distinct’ from Enoch Powell’s.
Interior Secretary Yvette Cooper remarked that the Prime Minister’s statements were “completely different” from Enoch Powell’s infamous “river of blood” speeches, as criticism of the government’s approach to immigration intensified. Some lawmakers expressed concerns, highlighting that without proper integration efforts, Britain might risk becoming a “stranger island.” Cooper noted that her own relatives valued the […]
Haberman Warns Trump May Tread Carefully Around Powell’s Line
Maggie Haberman, the White House correspondent for the New York Times, indicated that President Trump was “careful about overstepping his bounds with Federal Reserve Chairman Jerome Powell, suggesting that he may have a strong incentive to keep Powell from being ousted within the White House. Haberman mentioned that the president feels there shouldn’t be a […]
Silver (XAG) Forecast: Powell’s Testimony & Gold’s Reversal Could Deepen Losses – FX Empire
Daily Gold (Xau/USD) Gold surged to an all-time high of $2,942.78, raising concerns that it retreated before it set back, raising the rally overheated. RSI remains in the acquired territory, and the price gap between Spot Gold and the 50-day moving average suggests that an even more downside is possible. Silver often reflects gold movement, […]