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Lack of fiscal aid prompts ‘tragic’ economic impact, Powell warns

The Federal Reserve’s chair warned of a weak and prolonged recovery if the Congress would not pass another stimulus package to support families and...

Powell unveils Fed approach to inflation maintaining low interest rates

The Fed announced a major policy shift to average inflation targeting as well as addressing employment through amending a 2012 strategy. This year, the Fed...

Dow Jones breaks winning streak, futures slightly rise

It's another volatile week at Wall Street as the Dow Jones broke its three-day winning streak closing at 390.51 points, dropping 1.59% while the...
Fed confirms to keep rates until employment and inflation returns to normal

Fed confirms to keep rates until employment, inflation returns to normal

The Fed recently announced that they will continue to keep interest rates between 0 to 0.25% in a press conference. Fed Chairman Jerome Powell held...
Did Bitcoin just get the thumbs-up from the U.S. Federal Reserve Chairman?

Fed Chairman slams Libra, confirms Bitcoin as a legit ‘store of value like gold’

Federal Reserve Chairman Jerome Powell compared Bitcoin to gold, calling it a store of value, during his testimony before the Senate Banking Committee. The hearing,...

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