The economic dilemma comes on top of an extraordinary, high-pressure political situation the Fed chair faces, as Trump relentlessly demands lower rates.

Investors have all eyes fixed on the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., as the Fed charts the future direction of the monetary policy in what could be a defining moment for the market’s summer story.

The S&P 500 closed lower for a fifth consecutive day, though it is down only 1.5% over that period. The broad-based index shed 0.4%, while the Dow Jones Industrial Average and Nasdaq Composite Index both fell 0.3%.

Allianz advisor Mohamed El-Erian named BlackRock's Rick Rieder and former Fed governor Kevin Warsh as top candidates to replace Jerome Powell as Fed chair.

Small-cap stocks were edging up in the final hour of trade Thursday, with investors on edge about what Federal Reserve Chair Jerome Powell might say tomorrow about the path of interest rates. The Russell 2000 index of small-cap stocks was up 0.

Former Teen Mom 2 star Jenelle Evans just dropped a bombshell that has fans picking their jaws up off the floor! The 33-year-old reality TV alum casually revealed she’s raked in a whopping $1.5 million in profits from her OnlyFans account over the past four years – and her friend’s reaction was absolutely priceless. During […]

Bloomberg journalists answer your questions live from the Federal Reserve’s annual meeting of central bankers in Jackson Hole, Wyoming.