Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.
Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal.
Watch Fed Chair Powell testify live before the Senate Banking Committee
Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.
Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal.
Watch Fed Chair Powell testify live before the Senate Banking Committee
Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.
Stocks making the biggest moves premarket: Coca-Cola, Shopify, Snap, First Solar & more
These are the stocks posting the largest moves in premarket trading.
Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’
European Commission President Ursula von der Leyen said U.S. tariffs “will not go unanswered.”
Kering slightly beats fourth-quarter forecasts even as sales at embattled Gucci brand plunge 24%
French luxury goods firm Kering reported better-than-expected fourth-quarter sales that were still down year-on-year amid lagging demand for the Gucci label.
Kering slightly beats fourth-quarter forecasts even as sales at embattled Gucci brand plunge 24%
French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label.
Kering shares pop 6% on fourth-quarter beat even as sales at embattled Gucci brand lag
French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label.