What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell has calmed quickly,

It’s just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve chairman, Jerome Powell. Headlines pulse with the drama of his impending firing, and pundits are debating the consequences — as if such an act were merely a question of presidential will.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

U.S. stock indexes initially tumbled following reports that President Trump might fire Federal Reserve Chair Jerome Powell. Trump later denied the rumors, stabilizing the markets. Despite Trump's harsh criticism of Powell's monetary policy,

If Trump breaks the long-standing central bank independence, he would make long-term debt holders question the Fed’s reliability

Gold steadied after a volatile session on Wednesday as traders assessed the outlook for Jerome Powell’s tenure as Federal Reserve chair after more speculation that President Donald Trump may ax him. Bullion was below $3 350 an ounce after rising 0.

President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.

President Donald Trump kept up his criticism of Federal Reserve Chair Jerome Powell Tuesday but stopped short of saying he should resign. Asked during an Oval Office appearance with Philippine President Ferdinand Marcos Jr.