Janet Yellen
Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank.
President Donald Trump met on Thursday with Federal Reserve Chair Janet Yellen, a White House official said on Thursday.
The U.S. economy expanded at a modest to moderate pace in Sept. through early October despite few signs of an acceleration in inflation, the Federal Reserve said.
American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than $500 billion.
Losses in consumer stocks including Nike reined in gains for Wall Street's main indexes on Wednesday.
The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday.
U.S. stocks gave up early gains on Tuesday as rising tensions between the US and N. Korea weighed, while investors awaited Fed Chair's speech for over interest rate hikes.
The S&P 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply.
In times of uncertainty or crisis, investors typically take refuge in "safe" options like the Swiss franc.
he euro held its gains on Monday as traders bet the European Central Bank will start to wind down its crisis-era stimulus programme.
The dollar gained more ground against the yen and the euro on Friday as traders bet Federal Reserve chief Janet Yellen would promise.
The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year.
Most Asian markets rose Monday following another record close on Wall Street.
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