The president of the United States, Donald Trump, decided on Jerome Powell (lawyer) to become the next head of the Federal Reserve, promoting an official who favors more moderate monetary policies to replace Janet Yellen when her term expires. February. Jerome Powell, governor of the Fed since 2012, emerged from...
The dollar is still backed against other major currencies on Wednesday as the Federal Reserve chairman’s quest narrows. The dollar index, which follows the evolution of this currency with respect to a basket of six other major currencies, barely registered changes and stood at 93.39 at 9:43 am (CET). US...
The dollar rose slightly on Monday, as investors repositioned after a disappointing inflation figure on Friday that sent the greenback to its lowest levels in more than two weeks. The consumer price report showed Friday that inflation remains low, disappointing investors expecting an acceleration. Minutes of the Federal Reserve’s September...