Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders will resign amid furor over the Trump administration's treatment of migrant children.Politicsread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Massachusetts Institute of Technology President L. Rafael Reif warned the MIT community of "serious long-term costs" to in an email to the school community Tuesday.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The yield on the benchmark 10-year Treasury note falls below 2% as investors look for safety following the release of much weaker-than-expected confidence data.Bondsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
While floor traders cheered Friday afternoon at the news that chief White House strategist Stephen Bannon was out, some strategists aren't confident it will change much economically.
"That's my question at this stage," Talley Leger, an equity strategist at Oppenheimer Funds, said Friday on CNBC's "Power Lunch. " "What is the strategy? My broader concern here is we still don't have a pro-growth, pro-business agenda."
Michael Farr, president of Farr, Miller & Washington and a CNBC contributor, had similar thoughts earlier in the show.
"What's the functioning group in the White House? " he said. "Can they get some kind of policy to Capitol Hill, and does anybody in the White House have a relationship with any of these people [in the Capitol] sufficient to actually have a conversation and get anything done?"
That doesn't mean the domestic economic outlook is negative, however.
Strong consumer sentiment and retail numbers, along with a weakening dollar that would help manufacturing and exports, could lead to stronger economic growth in the second half of the year, said Ascent Private Capital Management strategist Tom Hainlin, "even with the political headlines we seem to be getting on a daily basis."
One thing to keep an eye on is the difference between the 10-year and the 2-year yield curve, he said, calling it a "classic business cycle indicator."
"As long as the curve is still positively sloped, I think signs are good that you can still see an extension of the business cycle," he said also on "Power Lunch."
But volatility has been increasing recently and that is likely to continue, Farr said.
"Investors can take a look at the markets with a gnat-like attention span," Farr said, citing the close watching of North Korea early this week and the shifts in the market the last two days on political news reports.
"The markets take off, and the risk grade is back on. Risk grade off, risk grade on," he said.
But, Farr did say the recent news regarding Bannon was "probably an overall positive," adding that fundamentals for the economy remain strong, including low unemployment and good earnings.
"We still see a strong, global synchronized growth ... with strong economic fundamentals underneath it," he said.