Fed will stay out of climate policy, Chairman Powell pledges

Chairman Jerome Powell said the Federal Reserve would not make policy related to climate change, a response to Republican warnings that the Federal Reserve was going beyond its remit to push green policies. Powell, in a speech Tuesday, stressed the … Read More

Retailers sound the alarm on inflation as flagging earnings send the Dow plummeting 1,164 points

posted in: News, United States

Target says inflation will hurt profitability for the rest of the year. Another disappointing earnings report from a leading U.S. retailer on Wednesday reignited fears that rising consumer prices and aggressive Federal Reserve policy could hurt economic growth, sparking a … Read More

Global stocks push higher after Fed’s Powell reassures

posted in: News, United States

Global markets rose on Monday as fairly dovish comments from U.S. Federal Reserve Chairman Jerome Powell helped reassure investors that the central bank is not planning to accelerate its interest rate increases next year. KEEPING SCORE: In Europe, Germany’s DAX … Read More