Powell takes charge as Fed's chairman of the Board of Governors

Trump to talk 'America First' at Davos, as his Fed nominee wins Senate approval

Her last day at the Fed was Friday.

"Through our decisions on monetary policy, we will support continued economic growth, a healthy job market, and price stability", Powell said after being sworn in to lead the USA central bank.

Wall Street plunges, S&P 500 erases 2018's gains
The Toronto Stock Exchange'sS&P/TSX composite index fell 86.69 points, or 0.56 percent, to 15,519.34, shortly after the open. Leading political parties in Germany , which is the largest economy in Europe , have struggled to form a government.

After years of near-zero interest rates, the Federal Reserve has been slowly allowing rates to rise, and recent unemployment data and wage increases has spooked the market into thinking that the threat of inflation will put the Fed in a position where it has to allow rates to increase faster than previously expected. I am also pleased to report that our financial system is now far stronger and more resilient than it was before the financial crisis that began about a decade ago. He graduated in politics from Princeton and in law by Georgetown.

Yellen noted that it has been common for Fed chairs to receive a second term even when they were first nominated by a president of the other party.

Rams' Donald is Defensive Player of the Year

"If the economy broadly behaves, I don't think it'll be of great outcome", he said. Wall Street welcomes you with a volatility that has not been seen since June 2016, when United Kingdom voted in referendum to leave European Union. In a video message, Powell pledged to support continued economic growth and a healthy job market while remaining "vigilant" to any emerging economic risks.

With the economy improving steadily, the Fed will likely raise rates three times in 2018, as projected under Yellen. The oath was administered by Vice Chairman Randal Quarles. "We intend to keep it that way", Powell said.

'We're battling to be first of the last' - Mourinho concedes title defeat
Mourinho has yet to reveal the full extent of Fellaini's injury although the United manager expects him to be absent for weeks. He said: "Of course we are sad for the dropped two points, but to come here and play the way we played is nearly impossible".

Although Yellen earned praise for her four-year term, she had the shortest tenure for a Fed leader in almost four decades.

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