Federal Reserve

The virus, which causes a disease called COVID-19, has killed close to 3,000 people.

The benchmark federal funds rate is currently set between a range of 1.5 percent and 1.75 percent. 

The virus has killed close to 3,000 people, with more than 80,000 cases reported worldwide.

Mohamed El-Erian says the Fed will cut rates, but restoring confidence is what's needed most.

The virus, which causes a disease called COVID-19, has killed close to 3,000 people, with more than 80,000 cases reported worldwide.

President Trump has attacked the Fed for not cutting rates more aggressively

Powell follows Yellen, Bernanke, Greenspan and Volcker.

The warning from Greenspan, who led the Fed from 1987 to 2006, comes as the U.S. federal debt has grown by about $3 trillion since President Trump took office.

The readout on Wednesday of the policy discussion, at which policymakers unanimously voted to keep interest rates unchanged in a target range of between 1.50% and 1.75%.

The Labor Department said much of the 0.7 percent January increase in services prices came from higher markups for clothes, jewelry, shoes and accessories

The administration expects both of the nominees to be confirmed to their posts.

Trump has nominated Judy Shelton for the Fed's Board of Governors, a position with significant influence over interest rate policy and the regulation of banks and financial markets.

The Federal Reserve was created to handle financial emergencies after the panic of 1907.

The number of cases worldwide is about 45,000, all but a few hundred in China

President Trump took aim at Federal Reserve Chairman Jerome Powell as Powell testified before Congress Tuesday.

Powell is testifying before Congress on Tuesday and Wednesday.

Powell testifies before the House Financial Services Committee on Tuesday

President Trump doesn't believe the coronavirus will impact China's buying of American goods.

American paychecks may get a bump in the future.

Powell will testify before Congress next Tuesday and Wednesday.