Topic: Jerome Powell

Treasury Secretary Steve Mnuchin and Federal Reserve Chairman Jerome Powell testified Tuesday at a House hearing to assess the state of the U.S. economy amid the COVID-19 crisis.

The Dow Jones Industrial Average recorded its best quarterly gain since 1987 as the blue-chip index gained 0.85 percent on Tuesday and 17.8 percent for the quarter.

More than 30 million workers in the United States have filed for unemployment benefits, but government statistics show that most haven't used a key benefit that was part of the $2 trillion CARES Act.

The Dow Jones closed with losses for the first time in four sessions on Wednesday amid concerns about the economic impact of the COVID-19 pandemic.

Surprising retail sales figures for May and positive trial results from a potential coronavirus treatment propelled U.S. stocks higher on Tuesday.

Federal Reserve Chairman Jerome Powell told lawmakers Tuesday there's "significant uncertainty" about exactly how long it will take for the U.S. economy to recover from the impact of the coronavirus pandemic.

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin said Tuesday the economic slowdown brought on by coronavirus restrictions could last for a while, but the government is prepared for a recovery

Federal Reserve Chairman Jerome Powell said he believes the U.S. economy may not recover from the effects of COVID-19 until at least early 2021 depending on the development of a vaccine and a possible resurgence.

U.S. stocks fell Wednesday after Federal Reserve Chairman Jerome Powell said the U.S. government may need to throw more help at the coronavirus crisis.

The Commerce Department said the U.S. gross domestic product contracted by 4.8 percent for the first quarter, the first contraction since 2014 and the largest since the Great Recession.

Sixty-eight percent expressed a great deal to a fair amount of confidence in their governors, while 47 percent voiced the same measure of confidence in President Donald Trump.

The U.S. Federal Reserve announced new efforts to stabilize the economy Thursday and direct billions to American businesses and governments overwhelmed by the coronavirus crisis.

U.S. stocks continued their rebounds on Thursday powering through news of a historic increase in unemployment after the Senate passed a $2.2 trillion coronavirus relief package that's now in the House.

The Federal Reserve is 0 for 2 in its fight against Wall Street's coronavirus panic, seeming to confirm perceptions of the central bank's impotence.

The Dow Jones fell 785 points Tuesday as markets plunged despite an effort by the Federal Reserve to cut rates to ease concerns about COVID-19's effect on the economy.