Jay Powell

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Shares in Tokyo rose sharply after the Bank of Japan said it expected it would pump ¥110 trillion (€890 billion) into the economy.

Global equities have rallied on growing expectations the US will deploy a new round of stimulus measures to steady the world’s biggest economy. Londo(...)

Jerome Powell, chairman of the US Federal Reserve, speaks during a virtual news conference seen on a laptop computer in Arlington, Virginia, on June 10th. The Federal Reserve put a floor under its large-scale asset purchases and projected interest rates will remain near zero through at least 2022 as policy makers seek to speed the economy’s recovery from the coronavirus recession. Photograph: Andrew Harrer/Bloomberg

Federal Reserve officials predicted that they would keep interest rates close to zero until at least the end of 2022, as the US central bank said it r(...)

Continuing claims, which counts the number of people receiving unemployment benefits, edged up to 21.5 million for the week ending May 23rd. Photograph: AFP via Getty

Almost 1.9 million Americans filed for unemployment benefits for the first time last week, taking the total number of new claims to nearly 43 million (...)

From 1926 through March 2020, dividends accounted for 40.2 per cent of the total return of the S&P 500. Photograph: Johannes Eisele/AFP via Getty Images

The swings of the stock market have been painful enough lately. But on top of the price declines that have kept many investors awake at night, another(...)

Federal Reserve chairman Jay Powell has warned that a full US economic recovery may take until the end of next year and require the development of a Covid-19 vaccine. Photograph: Kevin Lamarque/Reuters

Federal Reserve chairman Jay Powell has warned that a full US economic recovery may take until the end of next year and require the development of a C(...)

House speaker Nancy Pelosi walks to a TV interview on Capitol Hill in Washington, DC, US, on Tuesday. Photograph: Anna Moneymaker/The New York Times

The US House of Representatives is preparing to vote on a third trillion-dollar stimulus package as early as this week, as the economic toll from coro(...)

The contraction marked the biggest quarterly decline since the financial crisis a decade ago. Photograph:  David Becker / AFP

The US economy shrank by 4.8 per cent in the first quarter, with experts warning that worse is to come as the coronavirus pandemic brings the world’s (...)

US Federal Reserve chairman Jerome Powell. The Federal Open Market Committee has pledged to take additional steps if needed. Photograph:  Eric Baradat/AFP via Getty Images

The Federal Reserve kept its main interest rate close to zero on Wednesday, as officials weighed the impact of the heavy dose of liquidity and stimulu(...)

US Federal Reserve chairman Jerome Powell.

After an emergency meeting of Federal Reserve policymakers in mid-March, chairman Jay Powell expressed confidence in the central bank’s ability to shi(...)

US president Donald Trump and vice-president Mike Pence, along with members of the coronavirus task force, meet pharmaceutical executives in the White House. Photograph: Mandel Ngan / AFP

Donald Trump’s re-election campaign raised $86 million (€77.2 million) last month, the latest indication that the 45th president of the United States (...)

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