Market reactions to potential rate cuts are often positive in the short run, though the optimism can fade quickly if inflation increases, CNBC highlights from interviews with financial analysts. Higgins emphasizes that the pattern of premature cuts followed by renewed hikes could stoke volatility.

President Trump has said he may move up the announcement of Powell's replacement, with analysts looking for public debate among FOMC members for clues as to who is "auditioning" for the role.

The debate over the effect of tariffs is also starting to divide Fed officials.Fed Governor Chris Waller, who is seen as a potential candidate to succeed Powell, for example, favors a rate cut at ...

The Federal Reserve will decide whether to change interest rates or keep them the same. And pop star Sabrina Carpenter’s new album cover sparks scrutiny and debate. Here’s what to know today.

Powell "will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate," Trump added. Trump says US interest rates should be at least two to three points lower

Trump sends 'Mr. Too Late' Jerome Powell fiery note spelling out interest rate failures costing US a 'fortune' President accuses Fed chair of costing US 'a fortune' while other nations enjoy much ...

Coming up: Another Federal Reserve interest-rate decision, the Juneteenth holiday that closes markets on Thursday, U.S. retail sales for May, earnings from Accenture, Kroger, CarMax, plus Tesla's ...