President-elect Donald Trump’s favorite barometer of his success — the stock market — had been humming since his reelection. Business-friendly promises of deregulation and tax cuts got investors excited with anticipation of unlocked profit and easy money.

As the chart shows, the AI-fueled Magnificent Seven stocks—Nvidia, Microsoft, Meta, Amazon, Apple, Alphabet and Tesla—this year vastly outperformed the benchmark S&P 500 as well as the tech-heavy Nasdaq Composite.

Federal Reserve Chairman Jerome Powell said Wednesday it's too soon to say what President-elect Donald Trump's proposed economic policies will do to the economy and how that might bear on the central bank's policy choices.

Then here comes Bitcoin, the decentralized, no-rules wild card of global finance. It’s absolutely no surprise that Powell is skeptical. But the reasons for

Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.

Heading into a new year with a new administration, policymakers project fewer cuts and somewhat more stubborn inflation.

The Federal Reserve's plans for interest rate cuts in 2025 are up in the air as officials wait to see what policy President-elect Donald Trump will impose and what effect it has on the economy. In particular, Trump's plans to impose tariffs have raised eyebrows at the central bank because they could push up inflation.

Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges.

US Federal Reserve chair Jerome Powell says some are trying to judge how Donald Trump’s tariffs, taxes, and immigration curbs might affect policy.

It has been a tense couple of weeks since Donald Trump won the US election with pressures of a Federal Reserve takeover weighing on chairman Jerome Powell.

Jerome Powell's comments have had an immediate impact on Bitcoin's market capitalisation, triggering a major fall after the Fed chair commented its position on holding the crypto asset.

President-elect Donald Trump’s favorite barometer of ... But Federal Reserve Chair Jerome Powell in a press conference Wednesday reminded markets who’s boss: The Fed said inflation will ...