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Fed’s Powell heads to Congress amid shifting landscape

WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Rep... More »

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Fed Chairman Powell’s testimony to Congress postponed

WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell’s testimony to Congress’s Joint Economic Committee on Wednesday has been postponed and will be rescheduled at a later date, the committee said Monday. Powell was slated to discuss the economic outlo... More »

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Euro holds line at $1.19 as investment prospects brighten

The German Central Bank (Bundesbank) presents the 50 euro banknote at its headquarters in Frankfurt, Germany, March 16, 2017. REUTERS/Kai Pfaffenbach LONDON (Reuters) – The euro edged higher for a third consecutive day on Friday as investment flows propped up ... More »