Topic: Jerome Powell

The S&P 500 fell 0.58%, placing it about 18% from its record high and on the brink of bear market territory Thursday.

The Dow Jones Industrial Average rose 431 points on Tuesday following a seven-week losing streak.

The U.S. Senate on Thursday voted overwhelmingly in favor of confirming Jerome Powell to a second term as Federal Reserve chairman.

The Senate has confirmed President Joe Biden's historic nomination of Lisa Cook to serve on the Federal Reserve Board of Governors, making her the first Black woman to join the panel in more than a century.

The Dow Jones Industrial Average posted its worst single day of trading since 2020 on Thursday, falling 1,063 points and erasing gains from earlier in the week.

The Dow Jones Industrial Average gained 932 points on Wednesday after the Federal Reserve announced a half-point interest rate hike.

The Federal Reserve on Wednesday concluded a two-day policy meeting and took a major step against surging inflation by making its highest interest rate hike in decades -- a half-point to between 3/4 and 1%.

Warren Buffett said that inflation "swindles almost everybody" as Charlie Munger, the vice-chairman of Berkshire Hathaway, criticized bitcoin at the company's annual shareholder meeting in Omaha, Neb., on Saturday.

The Dow Jones Industrial Average dropped 368 points Thursday as the Federal Reserve again hinted at plans to implement a 50-basis-point interest rate hike.

President Joe Biden said Friday he is nominating former Obama treasury executive Michael Barr for vice chair for supervision of the Federal Reserve, replacing his original nominee, who withdrew in March.