Janet Yellen

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For the whole of 2017, the US economy grew 2.3 per cent compared to 2016. Photograph: iStock

The US economy expanded at a faster clip in the final quarter of 2017 than initially thought, data on Wednesday showed as consumer spending increased (...)

Jerome ‘Jay’ Powell, chairman of the US Federal Reserve.

Showing all the deliberation of a trained lawyer, Jay Powell on Wednesday gave a cautious presentation following his first meeting as Federal Reserve (...)

Federal Reserve board chairman Jerome Powell.

Jay Powell is widely expected to preside over his first interest rate increase as Federal Reserve chair on Wednesday. However, the focus for many inve(...)

Jerome Powell: Investors, accustomed to “dovish” former Fed chiefs such as Janet Yellen, Ben Bernanke and Alan Greenspan, may have been disconcerted by Powell’s “demeanour and forcefulness”. Photograph: Saul Loeb/AFP/Getty Images

Fears that the Federal Reserve may be about to speed up its rate-hiking cycle continue to spook global markets, as evidenced by last week’s reaction t(...)

Jerome Powell, chairman of the Federal Reserve, testifying before the  house financial services committee   in Washington on Tuesday. Photograph: Getty Images

Jay Powell gave a markedly bullish assessment of the US economic outlook in his first congressional testimony as Federal Reserve chairman, triggering (...)

 Federal Reserve chairman Jerome Powell.

Federal Reserve chairman Jerome Powell’s embrace of his predecessor’s gradual approach to tightening monetary policy is about to be tested. Since Mr (...)

New Federal Reserve chief Jerome Powell is untested but is likely to follow Janet Yellen’s dovish script. Photograph:  Saul Loeb/AFP/Getty Images

Are the robots to blame for the current market turbulence? A lot of commentators, including US treasury secretary Steve Mnuchin, seem to think so, mu(...)

Traders on the floor of the New York Stock Exchange on Tuesday. It followed a day of huge stock market falls on Monday, with US markets experiencing their biggest one-day decline since August 2011. Photograph:  Spencer Platt/Getty Images

The White House sought to play down the global stock market rout yesterday, insisting that the fundamentals of the US economy were strong and brushing(...)

  Janet Yellen: despite an excellent term as head of the  Federal Reserve,   she was passed over for a second term by US president Donald Trump. Photograph: Brendan Smialowski/AFP/Getty Images

Something shocking happened last week – stock markets fell. “Stocks get crushed in one of their worst days since Brexit” headlined Business Insider la(...)

US president Donald Trump delivers a speech on tax reform in Ohio on Monday. Photograph: Jonathan Ernst/Reuters

The US House of Representatives intelligence committee voted unanimously on Monday to make public a classified Democratic memorandum challenging a Re(...)

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