Jerome Powell says he wouldn’t resign if Trump requested it
Powell's comments, made during a panel discussion in Atlanta, were immediately cheered by financial markets, which were already rallying on the basis of a strong unemployment report that showed 312,000 jobs were created in December.
Watch 5:47
Does the president have legal authority to fire the Fed chair?
President Trump's recent criticism of Jay Powell, chairman of the Federal Reserve, has prompted questions about whether the president might try to fire Powell. But does he have the legal authority to do so? New York Times correspondent Binyamin Appelbaum…
Watch 7:07
Why the Trump administration’s response to falling stocks left the markets more jittery
U.S. stocks plunged again after markets finished their worst trading week since the 2008 financial crisis. The drop came after President Trump criticized the Federal Reserve on Twitter and Steve Mnuchin attempted to calm investors, instead causing more concern. Annie…
U.S. stocks plunge on Christmas Eve
The major indexes on Wall Street fell another 2 percent Monday, making it very possible that the market will end this month as the worst December for stocks since 1931.
President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe.
It was another miserable day on Wall Street as a series of big December plunges continued, putting stocks on track for their worst month in a decade.
As the Federal Reserve edges closer to ending its rate hikes altogether, its decision-making has become trickier.
In our Wednesday news wrap, outgoing Speaker of the House Paul Ryan made his farewell speech in Washington, articulating concerns about what he called America’s “broken politics.” The Wisconsin Republican is retiring after 20 years on the Hill. Plus, Facebook…
In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's…
