Politics

Powell plans to remain on Fed board, cites legal actions by Trump administration

Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation's central bank at risk.

US stocks drift in mixed trading as oil prices keep spurting higher

The U.S. stock market is drifting in mixed trading Wednesday as the countdown ticks to an afternoon announcement from the Federal Reserve on what it will do with interest rates. Oil prices, meanwhile, continued to spurt higher because of the war with Iran.

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