News

Powell says Fed needs to manage against risk that tariff inflation proves persistent
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Trump administration's tariff plans may well just cause a ...
Fed’s Powell repeats warning about tariffs as some GOP senators accuse him of bias
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up ...
Trump says he's already considering '3 or 4 people' to replace Powell at Fed
President Donald Trump said he's already looking for a new Fed chair to replace Jerome Powell and has narrowed his search to '3 or 4 people' ...
Stock market today: Dow, S&P 500, Nasdaq rally stalls as Nvidia soars to record
The S&P 500 (^GSPC) flirted with all-time highs but ended the day nearly flat, just shy of its record level. Nvidia shares ...
Fed Chair Jerome Powell grilled over ‘lavish’ HQ renovations: ‘Belong in the Palace of Versailles’
Powell said the Fed’s Eccles building, constructed between 1935 and 1937, “really needed a serious renovation,” saying that among the building’s issues, “it was not really safe and it was ...
Chicago Fed President Goolsbee meets with SC Johnson, MolsonCoors to gauge economy's health
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, traveled to Wisconsin to meet with businesses to hear ...
US stocks hang near their record as Wall Street takes a breath following two big days
U.S. stocks hung near their all-time high as financial markets caught a breath following two big days bolstered by hopes that ...
US yields ease as markets consider rate cut timing, tepid auction demand
Yields on the longer-term Treasuries rose during the day, but receded in afternoon trading. The U.S. 10-year Treasury note's yield was down 0.6 basis point to 4.287%, and the 30-year bond yield was ...
Powell calls reports of lavish Fed building renovations inaccurate
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the ...