Markets Dip as Fed's Powell Faces Scrutiny Amid Earnings and Regulatory Talks
TL;DR Summary
Treasury yields increased after earlier declines, with support from Treasury Secretary Scott Bessent for Jerome Powell remaining as Federal Reserve chair, easing concerns about Powell's potential departure amid political pressure. Investors are now focusing on upcoming Treasury auction plans and the broader bond market outlook.
- Treasuries Slip With Fed’s Powell Set to Speak on Regulation Bloomberg.com
- Stock Market Today: S&P 500, Nasdaq Slip; GM, RTX Earnings in Spotlight — Live Updates The Wall Street Journal
- Bessent says Powell doesn't need to resign but should conduct internal review CNBC
- Trump admin live updates: Bessent says there's no reason for Fed chair to resign ABC News
- Bessent disses ‘leakers’ after Wall Street Journal report on Powell advice The Hill
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