At 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average rose 846 points or 1.9% to hit a fresh record close of 45,631.74. the S&P 500 index gained 1.6%, and the NASDAQ Composite climbed 2%.

Investors have cheered a dovish speech on US interest rates from the world’s most powerful central banker, Jerome Powell.

After several decades in which economic technocrats enjoyed a large degree of autonomy, they are now under intense pressure ...

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming ...

In a key Friday speech, Powell warned that risks of higher inflation and a weakening jobs market created a "challenging situation." ...

The Federal Reserve’s annual economic symposium is winding down; the Wallabies suffer tight loss to South Africa. Follow live ...

The Fed chair’s measured approach leans toward cautious easing amid a “curious” labor market, despite inflation perils.

The assumption is that next month will see the first-interest rate cut; the question most are already asking is how many more ...

DXY sinks as Powell signals rate cuts could come soon. Traders price in 91% chance of September easing after dovish Jackson ...

The financial world was abuzz on Friday as Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut in ...

The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, ...