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The Fed Ben Bernanke

  • WASHINGTON— Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year. They're less sure about what the central bank might have in store for 2018, and they will look to Janet Yellen's final news conference as Fed chair Wednesday for any clues. "While the Fed has been indicating that they will hike...

  • *U.S. third-quarter economic growth fastest in three years. NEW YORK, Nov 29- The dollar edged higher on Wednesday, adding to this week's gains, as strong U.S. third-quarter economic growth data and signs of progress in U.S. "It's a little bit of an unwind of what we saw last week," said Brad Bechtel, managing director FX at Jefferies in New York.

  • The dollar edged higher, as economic growth data and signs of Republicans' tax bill progress helped it rebound from recent weakness.

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, helped by strong U.S. data and as Federal Reserve chair nominee Jerome Powell signalled that the central bank is likely to raise interest rates again next month. "This is partly an unwind of some of the move we saw last week, which took place...

  • Nov 28- Wall Street surged to record highs on Tuesday led by sharp gains in bank stocks, and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Donald Trump's nominee to lead the Federal Reserve. Trump's push for a big package of tax cuts moved past a potential obstacle as a Senate panel approved the...

  • *Palladium reaches highest since February 2001. NEW YORK/ LONDON, Nov 28- Palladium jumped 2 percent on Tuesday to its highest price since February 2001, as traders expecting higher demand from the automotive industry piled into the metal on the first day of its new futures contract, while gold slipped slightly as the U.S. dollar advanced. "The automotive industry...

  • Nov 28- Wall Street hit record highs on Tuesday led by bank stocks, as investors seized on strong consumer confidence data and comments from President Donald Trump's nominee to lead the Federal Reserve. But major indexes briefly pulled back from session highs after news that North Korea had fired a missile. Jerome Powell, nominated to replace Janet Yellen as Fed...

  • NEW YORK/ LONDON, Nov 28- Gold inched higher on Tuesday but was still below the previous day's six-week high, mirroring an advance in the U.S. dollar following a confirmation hearing for U.S. Federal Reserve is likely to raise interest rates again next month, Powell told the Senate Banking Committee. He said the Fed should "respond decisively" to any new economic...

  • *Buffalo Wild Wings gains after Roark Capital offer. Nov 28- Wall Street indexes edged higher to records on Tuesday after Federal Reserve chair nominee Jerome Powell's comments on interest rate hikes and deregulation fired up financial stocks. Powell, in his confirmation hearing before the Senate Banking Committee, positioned himself as an heir to the...

  • WASHINGTON, Nov 28- Jerome Powell, U.S. President Donald Trump's choice to lead the Federal Reserve, defended the need to potentially lighten regulation on the financial sector, telling a Senate panel that after years of adding new rules it was time to take a pause and review what has been done. It is looking back and making sure what we did makes sense, "Powell told the...

  • SAO PAULO, Nov 28- The Chilean peso fell to a three-month low on Tuesday, tracking a decline in prices of copper, the country's chief export. That contrasted with muted moves in other currencies in the region, which kept to tight intervals as investors parsed U.S. congressional testimony by President Donald Trump's nominee for chair of the Federal Reserve, Jerome...

  • *Buffalo Wild Wings gains after Roark Capital bid. *Oil down for a second day ahead of OPEC decision. Nov 28- Wall Street indexes hovered near record levels on Tuesday as investors digested comments from Federal Reserve chair nominee Jerome Powell and shrugged off concerns over progress of the U.S. tax bill.

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, as risk sentiment improved and the confirmation hearing of new Federal Reserve chair Jerome Powell kicked off. "The dollar is stronger today on the back of the strong domestic equity market right now," said Minh Trang, senior currency...

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, as risk sentiment improved and the confirmation hearing of new Federal Reserve chair Jerome Powell kicked off. "The dollar is stronger today on the back of the strong domestic equity market right now," said Minh Trang, senior currency...

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, as risk sentiment improved and the confirmation hearing of new Federal Reserve chair Jerome Powell kicked off. "The dollar is stronger today on the back of the strong domestic equity market right now," said Minh Trang, senior currency...

  • WASHINGTON, Nov 28- The U.S. Federal Reserve should "respond decisively" to any new economic crisis, Fed chair nominee Jerome Powell told the Senate Banking Committee on Tuesday, positioning himself as an heir to the central bank policies of current chair Janet Yellen and her predecessor Ben Bernanke. In opening remarks both Committee Chairman Mike Crapo,...

  • *Buffalo Wild Wings gains after Roark Capital bid. *Oil down for a second day ahead of OPEC decision. In prepared remarks, Powell defended the Fed's use of broad crisis-fighting powers, placing himself as an extension of the line followed by current Chair Janet Yellen and her predecessor Ben Bernanke.

  • *Arby's owner to buy Buffalo Wild Wings in $2.4 bln deal. *Oil down for a second day ahead of OPEC decision. Nov 28- The benchmark S&P 500 index was set to open at a record on Tuesday, gaining momentum from a positive tone in Europe, and putting aside any nerves over a U.S. tax bill and confirmation hearing for Federal Reserve chair nominee Jerome Powell.

  • Nov 28- U.S. stock futures pointed to a higher opening on Tuesday, maintaining a brighter tone from Europe and the previous session and putting aside any nerves over a tax bill and confirmation hearing for Federal Reserve chair nominee Jerome Powell. *The U.S. tax plan faces potential opposition from two Republican lawmakers who could prevent the sweeping...

  • Nov 28- U.S. stock futures pointed to a higher opening on Tuesday, maintaining a brighter tone from Europe and the previous session and putting aside any nerves over a tax bill and confirmation hearing for Federal Reserve chair nominee Jerome Powell. *The U.S. tax plan faces potential opposition from two Republican lawmakers who could prevent the sweeping...