A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.

Fed rate cuts are unlikely to lower borrowing costs for American homebuyers, according to one CIO. Mortgage rates and home prices remain elevated.

The TV-style approach could present the White House with an excuse to meet with some current Fed officials who don’t support lowering rates.

Treasury Secretary Scott Bessent said interviews for 11 Federal Reserve chair candidates will start around Labor Day as the White House searches for Jerome Powell's replacement.

Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.

Charles Plosser, the former president of the Federal Reserve Bank of Philadelphia who became an outspoken critic of the Fed’s easy-money policies following the 2008 financial crisis, has died. He was 76.

It isn’t a surprise that the tokens were sliding after the tech-heavy Nasdaq Composite index dropped 1.5% on Tuesday as Wall Street opted to dump some of its favorite stocks of the year. Cryptos and tech stocks tend to move in tandem as they’re risk-on assets.

This is an online version of our Markets A.M. newsletter, guest-written this week by Aaron Back. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧 Home Depot and Lowe’

President Donald Trump will tap his top economic advisor Kevin Hassett to be the next Fed chair, according to respondents to a special Jackson Hole Edition of the CNBC Fed Survey. But when asked who the president should pick, Hassett ranked a more distant fourth.