Australia markets closed
  • ALL ORDS

    6,943.00
    -57.60 (-0.82%)
     
  • ASX 200

    6,710.80
    -49.90 (-0.74%)
     
  • AUD/USD

    0.7662
    -0.0058 (-0.75%)
     
  • OIL

    65.05
    +1.22 (+1.91%)
     
  • GOLD

    1,692.70
    -8.00 (-0.47%)
     
  • BTC-AUD

    61,587.96
    -2,714.55 (-4.22%)
     
  • CMC Crypto 200

    943.59
    -43.62 (-4.42%)
     
  • AUD/EUR

    0.6417
    -0.0026 (-0.40%)
     
  • AUD/NZD

    1.0747
    +0.0011 (+0.10%)
     
  • NZX 50

    12,180.25
    -44.25 (-0.36%)
     
  • NASDAQ

    12,464.00
    -219.33 (-1.73%)
     
  • FTSE

    6,665.38
    +14.50 (+0.22%)
     
  • Dow Jones

    30,924.14
    -345.95 (-1.11%)
     
  • DAX

    13,954.03
    -102.31 (-0.73%)
     
  • Hang Seng

    29,098.29
    -138.50 (-0.47%)
     
  • NIKKEI 225

    28,864.32
    -65.79 (-0.23%)
     

Inflation doesn't change on a dime - Fed's Powell

Powell spoke to a Senate Banking Committee hearing on the state of the economy.

He told lawmakers the U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment.