Powell is appearing before the committee along with Treasury Secretary Janet Yellen as part of Congressional oversight of the government's response to the pandemic
Evolving conditions in both domestic and international markets can materially increase policy complexities
Sensex and Nifty doubled in less than 11 months, touching record highs, while several stocks jumped manifold
Federal Reserve Chairman Jerome Powell says the economic recovery from the pandemic has progressed more quickly than expected, but the central bank does not intend to let up in its support efforts
Federal Reserve Chair Jerome Powell said Monday that the US public needs to understand the risks behind Bitcoin and other crypto currencies
The US Fed has learned from the "taper tantrum", and will carefully choreograph words and deeds in the coming years
The economic situation in the US is much improved since the Covid-19 pandemic hit, but the recovery is "far from complete", Federal Reserve Chairman Jerome Powell said
Shares of the largest US banks fell after the news, with JPMorgan Chase & Co losing as much as 4 per cent before closing down 1.6 per cent on the day
Reversing a recent trend, so-called growth stocks mostly outperformed value stocks viewed as more likely to outperform as the economy recovers from the coronavirus pandemic
Fed chair makes clear FOMC will only react to actual data
Shares of the largest US banks dropped in pre-market trading on Friday immediately following the Fed's announcement
The index rose close to 500 points on opening after the US Federal Reserve (Fed) pledged to shrug off inflation worries for a while and keep the monetary policy loose through 2023
Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)
On March 31, an emergency pandemic regulatory relief measure that for the past year has allowed Wall Street banks to hold less loss-absorbing capital against certain assets is due to expire
Progressives, including Senators Elizabeth Warren and Sherrod Brown, who now heads the Senate Banking Committee, say banks are cynically seizing an opportunity to ease more rules
Gold rose to a two-week high after the US Fed pledged to keep near-zero interest rates until 2023, although the gains were capped by the central bank's forecast of a strong economic rebound
Gold prices rose on Thursday, as the dollar weakened after the US Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023
Here are the top business headlines on Thursday
The US economy is heading for its strongest growth in nearly 40 years, the Fed said, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation
Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%; Powell says worst economic outcomes of pandemic avoided