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Dow Jones Today, Stocks Sag Ahead Of Powell, Day 2; J&J Jumps On FDA Vaccine Comments
Stocks dipped into uneven losses at Wednesday’s open, as pandemic reopening plays rallied and bond market selling continued. Federal Reserve chief Jerome Powell headed into another round of virtual testimony in Washington, after propping nervous markets with dovish comments on Tuesday. Rebounding stocks set the...
Jerome Powell Sees Easy-Money Policies Staying in Place
WASHINGTON—Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s commitment to maintaining easy-money policies until the economy has recovered further from the effects of the coronavirus pandemic. “The economy is a long way from our employment and inflation goals,” Mr. Powell said in testimony to...