Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.
Joe Biden's inauguration is expected to usher in a more normal presidency, and stocks could continue to climb, but perhaps at a slower pace.
The U.S. dollar advanced across the board on Wednesday, shaking off the weakness of the previous session, as it continued its recent rebound from last week's near three-year low.
U.S. stock futures rose Thursday, one day after the S&P 500's finished just 1 point shy of last week's record close.
U.S. stock futures rose Thursday, one day after the S&P 500's finished just 1 point shy of last week's record close.
The Federal Reserve remains committed to providing financial help for those who are struggling amid the coronavirus crisis.
U.S. stock futures built on Tuesday's rally as investors grew more optimistic about Washington reaching a deal on another coronavirus economic relief package.
The Dow was set to open higher Tuesday, one day after stocks gave up gains and closed lower.
President-elect Joe Biden could redesign the Federal Reserve during his first term by nominating new members to the central bank.
"Squawk Box" co-host Andrew Ross Sorkin and CNBC bond maven Rick Santelli engaged in a heated debate Friday over coronavirus restrictions.
A report on financial security shows a widening divide between the haves and have-nots amid the coronavirus outbreak and economic crisis.
The Treasury secretary cited portions of the law that said he didn't have the authority to allow Fed programs to run past the end of 2020.
Bipartisan lawmakers are pushing a new stimulus plan as Nancy Pelosi and Mitch McConnell have made no progress on a coronavirus relief bill.
The Dow is set to soar Tuesday, starting December with a strong rally after the best month for blue chips in more than 33 years.
The Dow is set to soar Tuesday, setting up Wall Street to start December with a strong rally after the best month for blue chips since 1987.
Gold prices recovered from five-month lows on Tuesday as worries over spiking Covid-19 cases offset optimism around vaccine developments and nudged investors towards the precious metal.
An under pressure U.S. dollar handed back part of its month-end bounce on Tuesday, as investors reckoned on more monetary easing by the Federal Reserve and a gathering recovery elsewhere.
The dollar fell on Tuesday to its lowest in more than 2-1/2 years, as investor appetite for risk increased on the prospects of further fiscal stimulus from the United States as well as expectations of a solid global recovery.
Gold jumped more than 2% on Tuesday, rebounding from a five-month low in the last session, and silver soared over 6%, as the dollar slid, with U.S. stimulus bets adding to bullion's appeal as an inflation hedge.
