Federal Reserve Chairman Jerome Powell was asked by Congress on Wednesday whether the recent strong U.S. jobs report changed his perspective on reducing federal interest rates.
Federal Reserve Chair Jerome Powell said Wednesday he would not resign if President Donald Trump asked him to.
Federal Reserve Chairman Jerome Powell says Facebook's cryptocurrency project raises serious concerns.
Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said.
Think your homeowners insurance will adequately cover your dwelling during a hurricane? You could be wrong. Here's how to prepare your house and your wallet for a disaster.
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to 'act as appropriate' to defend an economic expansion threatened by trade disputes and a global slowdown.
Federal Reserve Chairman Jerome Powell came to Capitol Hill on Wednesday with two goals: cementing the case for an interest rate cut at the end of this month, and bolstering his own Congressional wall of protection against a president who has made a daily habit of Fed bashing unseen since the 1970s.
Powell told Congress that he doesn't think a return to the gold standard in the U.S. would be a good idea.
Exxon Mobil Corp on Wednesday said it has removed non-essential staff from three U.S. Gulf of Mexico platforms, but expected a storm forming in the Gulf to have little effect on its oil and gas production.
Federal Reserve Chairman Jerome Powell says Facebook's cryptocurrency project raises serious concerns.
Rate cuts can be a great thing for the stock market, or a sign of trouble ahead — depending on the timing.
Oil prices gained $2 a barrel on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of Mexico ahead of an expected storm.
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell bolstered the case for an interest rate cut later this month.
U.S. oil producers on Wednesday cut nearly a third of offshore Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened production.
The benchmark S&P 500 briefly crossed the 3,000-point mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell boosted the case for an interest rate cut later this month.