Latest Jerome Powell News

Global stocks sink after Trump threatens more China tariffs

Nov. 13, 2019 7:48 AM EST

BEIJING (AP) — Global stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined. Wall Street looked set to slip. Trump...

Powell to testify before Congress as Fed pauses rate cuts

Nov. 13, 2019 2:21 AM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is due to testify Wednesday in Congress about the outlook for the U.S. economy, giving his perspective two weeks after the Fed cut interest rates for a third time this year. The Fed signaled after its Oct. 29-30 meeting that it would probably hold...

Asian stocks sink after Trump threatens more China tariffs

Nov. 12, 2019 10:53 PM EST

BEIJING (AP) — Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday that...

World stocks rise as investors await US-China trade moves

Nov. 12, 2019 8:06 AM EST

BANGKOK (AP) — World stock markets rose Tuesday as investor awaited news on progress in negotiations on the trade dispute between China and the United States. An update could come later in the day, when U.S. President Donald Trump is scheduled to give a speech on trade and economic policy at the Economic...

Stocks mixed as uncertainty reigns in US-China trade talks

Nov. 11, 2019 11:40 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Tuesday as investors awaited cues on trade talks between China and the U.S. The next hints on progress in the negotiations between Beijing and Washington could come later in the day, when Trump is scheduled to give a speech on trade and economic policy at the...

Asia stocks mixed on possible US-China trade snag

Nov. 5, 2019 11:47 PM EST

BEIJING (AP) — Asian stock markets were mixed Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. Shanghai and Sydney declined while Tokyo and Hong Kong advanced. Beijing wants 15% tariffs imposed in...

Global stocks slip on weak economic data

Oct. 31, 2019 10:16 AM EDT

BEIJING (AP) — Stock markets drifted lower Thursday as new economic data showed a slowdown in Europe and Asia amid concerns about the state of trade talks between the U.S. and China. Shares in Asia finished mostly higher while Wall Street was heading for a lower open, one day after the Fed cut interest...

Asian markets follow Wall Street higher after Fed rate cut

Oct. 31, 2019 1:32 AM EDT

BEIJING (AP) — Most Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve cut a key interest rate. Tokyo, Hong Kong and Seoul advanced. Shanghai retreated 0.1% after Chinese factory activity weakened more than expected in October. Investors welcomed the Fed's third rate cut...

Fed cuts rates for a 3rd time but signals it will now pause

Oct. 30, 2019 5:53 PM EDT

WASHINGTON (AP) — The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless it sees clear evidence that the economic outlook has worsened. For now, Chairman Jerome Powell sounded a bullish note...

Markets Right Now: Stocks climb after Fed cuts rates

Oct. 30, 2019 4:14 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks rose broadly after the Federal Reserve lowered interest rates for the third time this year. The gains Wednesday were enough to push the S&P 500 to its second record high this week. Fed Chairman Jerome...