Acting comptroller Jules Hurst estimates the cost of the conflict in Iran at $25 billion, according to testimony provided to the House Armed Services Committee on Wednesday.

Federal Reserve Chair Jerome Powell says the number of officials viewing an interest rate hike as likely as a cut has increased. The shift reflects evolving sentiment among policymakers regarding the future path of monetary policy.

Federal Reserve Chair Jerome Powell stated that the number of officials viewing a potential interest rate hike as likely as a rate cut has increased.

President Donald Trump names Kevin Warsh as the new Chair of the Federal Reserve. Jerome Powell will remain on the Board of Governors to continue his service.

President Donald Trump has selected Kevin Warsh to serve as the Chair of the Federal Reserve, while Jerome Powell will continue his tenure as a member of the Board of Governors.

Federal Reserve Chair Jerome Powell confirms he will remain in his position past May 15.

Federal Reserve Chair Jerome Powell has confirmed he will remain in his position following the May 15 date.

Federal Reserve Chair Jerome Powell says near-term inflation expectations have risen. The remarks come as markets monitor central bank commentary for signals on future interest rate policy.

Federal Reserve Chair Jerome Powell stated that near-term inflation expectations have increased.