While you were sleeping: Powell testimony spurs Wall St gains

Tue, 28 Nov 2017

By Margreet Dietz Nov. 29 (BusinessDesk) - Wall Street climbed to record highs after Jerome Powell, US President Donald Trump’s nominee to succeed Federal Reserve Chair Janet Yellen, said financial rules are “tough enough.” Powell made the comments in testimony at his Senate confirmation hearing in Washington, where he also firmed bets that the Fed will lift interest rates next month. Meanwhile, US officials said North Korea fired unidentified ballistic missile, Reuters reported. North Korea fired a missile towards the east in the ear...

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