The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.

Gold was steady on Thursday as investors awaited cues on the Federal Reserve's policy outlook ahead of the annual economic symposium at Jackson Hole in Wyoming, which starts later in the day.

Trump has engaged in a months-long assault on Powell, calling him a “stubborn mule” and “numbskull” for refusing to cut borrowing costs this year over concerns that the president’s tariffs will infla...

By Elizabeth Howcroft PARIS (Reuters) -European stock markets fell slightly in early trading on Thursday, hovering just below recent highs, as traders avoided making big moves and waited for the Federal Reserve's three-day annual Jackson Hole symposium.

This week's set-piece event is the Jackson Hole central-bank gathering in Wyoming, slated for Thursday through Saturday.

Consumer spending's surprising resilience is a key reason why the economy has not only avoided recession, but continued to grow at a solid clip.