Jerome Powell

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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(...)

The numbers are displayed after the closing bell of the Dow in New York on Thursday. Photograph:  Bryan R Smith/AFP/Getty Images

The Dow Jones Industrial Average is the world’s most widely followed share price index. It was created more than 120 years ago by the Wall Street Jour(...)

US president Donald Trump speaks with reporters aboard Air Force One: turbulent week on the markets. Photograph: Al Drago/The New York Times

The television in the boardroom on Air Force One was switched off this week as US president Donald Trump returned to Washington DC from Iowa. Trump u(...)

A man walks past an electronic stock quotation board outside a brokerage in Tokyo

European markets followed Asian peers lower on the last trading day of the week as nerves about rising borrowing costs and soaring volatility put worl(...)

  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(...)

Jerome Powell  takes the oath of office as he is sworn in as the new chairman of the Federal Reserve in Washington DC on Monday. Photograph: Saul Loeb/AFP/Getty Images

Jerome Powell was sworn in on Monday as the US Federal Reserve’s 16th chairman. Mr Powell (64) has been a serving Fed governor since 2012. A centrist(...)

Janet Yellen, head of the US Federal Reserve. Photograph: Andrew Harrer/Bloomberg

The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signalling a gradual tightening of monetary policy later this yea(...)

Christmas jumpers mean Christmas jumpers: Photograph: Clodagh Kilcoyne / Reuters

Image of the week: Waxit Promising that “Christmas Means Christmas” by means of some surprise jumper-based unity are UK prime minister Theresa May (a(...)

Federal Reserve Chair Janet Yellen: academic heavyweight whose expertise helped guide her through what has been a tumultuous decade in financial markets. Photograph: REUTERS/Yuri Gripas

The biggest risk facing global markets today is a mistake in monetary policy by the Federal Reserve or the European Central Bank (ECB), according to B(...)

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