Topic: Jerome Powell

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite each hit new closing highs on Thursday as markets responded to optimism surrounding a new coronavirus stimulus bill.

The S&P 500 neared a record closing high and the Nasdaq Composite hit intraday and closing all-time highs as lawmakers expressed optimism about nearing a COVID-19 stimulus deal.

The Federal Reserve left its benchmark lending rate unchanged Wednesday and indicated it's likely to remain near zero as the United States recovers from the economic impact of the COVID-19 pandemic.

Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell expressed very different opinions on the U.S. economy's prospects Tuesday during a Senate hearing.

President-elect Joe Biden announced a slate of Cabinet nominees Monday, including Antony Blinken as secretary of state and Janet Yellen, who would be the first woman to serve as treasury secretary.

Treasury Secretary Steven Mnuchin on Thursday requested for the Federal Reserve to return unspent emergency aid allocated to the central bank under the CARES Act.

Stocks slid Thursday as more states and cities announced new lockdowns and restrictions amid growing coronavirus numbers, raising concerns about the economy.

The Federal Reserve again left its benchmark lending rate unchanged and close to zero on Thursday, saying the committee wanted to support the U.S. economy during challenging times amid a public health crisis.

U.S. stocks climbed sharply as trading closed on the New York Stock Exchange on Wednesday, as votes continued to be counted in the presidential election.

White House talks with House Democrats turned toward a possible stand-alone relief bill for airlines Wednesday as President Donald Trump reversed course somewhat on his decision to end negotiations.