Topic: Jerome Powell

The Dow Jones Industrial Average plummeted more than 500 points in a broad-based sell-off Friday, wrapping up its worst week in nearly eight months as investors fretted over interest rates. 

Unemployment claims in the United States are up for the first time in six weeks, the Labor Department said in its weekly report Thursday.

The Dow Jones Industrial Average fell 265 points on Wednesday as markets hit their session lows after the Federal Reserve announced plans to implement two rate hikes by the end of 2023.

The Nasdaq Composite hit an all-time closing high on Monday while the price of bitcoin rose above $40,000 early in the day.

The Federal Reserve on Wednesday left interest rates unchanged near zero, with the Dow Jones Industrial Average falling 164 points as markets fell flat in response to the news.

U.S. markets fell flat, drawing back from record highs, on Monday as Federal Reserve Chairman Jerome Powell said he was monitoring the stock market due to "elevated" assets.

The Dow Jones Industrial Average gained 199 points on Thursday, erasing earlier losses, as cruise and airline stocks rallied.

Fewer than 700,000 workers in the United States have filed for new unemployment benefits, the Labor Department said Thursday -- which is the lowest weekly figure in more than a year.

The Nasdaq Composite fell 2% Wednesday as tech stocks declined, GameStop stock crashed and Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testified before Congress for the second day.

Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell told the Senate on Wednesday that the U.S. economy has recovered from the COVID-19 pandemic faster than expected.