Federal Reserve

Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy remains in the throes of the coronavirus pandemic, telling Congress during his semi-annual testimony that the outlook is "highly uncertain."

The Fed signals the ongoing public health crisis is still posing "considerable risks" to the economy. 

Federal Reserve Chairman Jerome Powell warned the U.S. labor market remains fragile.

Federal Reserve Chair Powell warned the U.S. job market is fragile and the employment picture is worse than at the worst point of the Great Recession.

Energy costs jumped 3.5%, led by a 7.4% surge in gasoline.

A former economic adviser to former President Trump will not be appointed to the Federal Reserve Board after President Biden withdrew her name from consideration Thursday, according to reports.

U.S. Treasury Secretary Janet Yellen will meet financial regulators on Thursday to discuss GameStop and the recent market volatility

Treasury Secretary Janet Yellen is dealing with her first crisis.

Yellen will convene heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, a Treasury official said on Tuesday.

"GameStop has gotten a lot of attention," Kashkari said during a virtual town hall event on Monday. "If one group of speculators wants to have a battle of wills with another group of speculators over an individual stock, God bless them."

The Biden administration said they will be monitoring the rapid rise in GameStop stocks after the seemingly failing retailer shocked the market with recent spikes.

The Fed chair said that activity is at its highest level since before the financial crisis.

Federal Reserve Chair Jerome Powell on Wednesday said one of the key considerable downside risks to the U.S. economy posed by the ongoing pandemic is the slow pace of the coronavirus vaccine rollout.

The Federal Reserve said during its first meeting of the year on Wednesday that it would leave interest rates near zero.

Earnings are expected from Boeing, AT&T, Apple, Facebook and Tesla

Fed Chair Jerome Powell said on Jan. 14 it is too early for the central bank to discuss changing its monthly bond purchases

The Fed spent 2020 combating the economic fallout of the coronavirus pandemic with interest-rate cuts, bond purchases and emergency lending programs.

Sales of existing-homes hit a 14-year high in 2020.

The Biden administration announced a set of top Treasury Department staff appointments Wednesday evening, including a number of former Obama administration officials. They will work for Janet Yellen, whose confirmation as Treasury secretary is expected soon.

The record-breaking stock market that President Elect Joe Biden will inherit from President Trump is in danger of post-Inauguration Day selloff, according to Wall Street strategists.