Wall Street cautions against firing Powell, Nvidia's geopolitical balancing act pays off, and banks score an 'A' from investors on Q2 earnings

In 1997, billionaire Carlyle co-founder David Rubenstein hired a then-relatively unknown member of the George H.W. Bush administration named Jerome Powell. Over the course of eight years, Powell led the private equity firm's industrial group and was a partner.

Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.

On July 16, Rep. Anna Paulina Luna (R-FL) retweeted "confirmed" in a post by journalist Breanna Morello alleging that Federal Reserve Chair Jerome Powell would be fired. Morello's post claimed that Congresswoman Luna had earlier said, "Fed Chair Jerome Powell's firing is imminent."

Floats idea with GOP lawmakers. President Donald Trump denied Wednesday that he is planning to fire Federal Reserve Chair Jerome H. Powell, a day after asking Republican lawmakers at the White House whether he should remove the central bank chief.

The White House accuses the Fed chair of potentially "violating the law" in his renovation of the central bank's Washington, D.C., headquarters.

Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him to resign. Bessent is