Federal Reserve – Page 2 – One America News Network

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. REUTERS/Jeenah Moon

Wall Street jumps as Microsoft enters $4 trillion club after results

The S&P 500 and Nasdaq climbed to new record highs after Microsoft’s blockbuster earnings and investor confidence in artificial intelligence.

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. REUTERS/Jeenah Moon/File photo

S&P, Nasdaq at record highs as US-EU trade deal sparks optimism in pivotal week

The S&P 500 and the Nasdaq opened at record highs, while the Dow was on the cusp of that as optimism from a U.S.-EU trade pact set the stage for a week packed with megacap earnings.

US President Donald Trump points to a cost sheet as he speaks with Federal Reserve chair Jerome Powell (R) as he visits the Federal Reserve in Washington, DC, on July 24, 2025. Trump arrived for a tour of the US Federal Reserve as the president escalates pressure on its chairman Jerome Powell over the central bank's management of the economy. Trump -- who wants to oust Powell for refusing to lower interest rates but likely lacks the legal authority -- has threatened to fire the Fed chief over cost overruns for a renovation of its Washington headquarters. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Trump and Fed. Chair Powell clash over Federal Reserve renovation costs

President Donald Trump and Federal Reserve Chair Jerome Powell clashed on camera over Federal Reserve renovation costs.

(Background) U.S. Treasury Secretary Scott Bessent speaks to reporters outside the West Wing of the White House on April 09, 2025 in Washington, DC. President Trump announced today a 90-day pause on the full effect of his new tariffs for dozens of countries except China, which he raised to 125% “effective immediately”. (Photo by Anna Moneymaker/Getty Images) / (R) WASHINGTON, DC - JULY 22: Federal Reserve Chairman Jerome Powell delivers opening remarks at the Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve on July 22, 2025 in Washington, DC. Rep. Anna Paulina Luna (R-FL) is referring Powell to the Department of Justice (DOJ) for criminal charges, accusing him of two specific instances of perjury. The accusations come as Trump allies continue to call for Powell’s removal before his term expires in 2026. (Photo by Andrew Harnik/Getty Images)

Bessent reiterates Trump doesn’t plan to fire Fed. Chair Powell: ‘He’s said that on numerous occasions’

Treasury Secretary Scott Bessent recently maintained that President Donald Trump has no intention of firing Federal Reserve Chair Jerome Powell—in light of previous statements made by Trump where he suggested that he wishes the fed chair would resign.