"That's about as clear cut as Powell can get that he has shifted his view since July and is leaning toward a cut in September," said Heather Long, chief economist at Navy Federal Credit Union, in an ...

The U.S. stock market closed sharply higher Friday, as investors cheered the potential for interest rate cuts following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy...

At 05:09 a.m. ET, Dow E-minis were up 118 points, or 0.26%, S&P 500 E-minis were up 11.75 points, or 0.18% and Nasdaq 100 E-minis were up 22.25 points, or 0.1%.

Traders boosted bets on a September rate cut after Powell's comments, now placing a nearly 90% chance of a reduction, versus about 75% before Powell's remarks.

The Rupert Murdoch-owned Wall Street Journal has blasted Donald Trump for hounding Federal Reserve governor Lisa Cook during his dispute with the U.S. central bank.

The president can fire members of the Federal Reserve board for cause, but it’s unclear if the allegations alone would reach that standard.