Page 28 - Fed Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jillian: welcome back, foxbusiness alert, the dow jones plunging over 1000 points. what does that mean for your wallet? should we be worried? in new york city, joining us live, we were talking football. let's get to some actual business, should we be worried? >> long-term we should not be worried. the reason the stock market fall started on fridays a bunch of good news because great news on wages, good news on economic growth and the market said that means higher interest rates, we don't like that so we are going to sell off. in a short-term you have interest rates probably rising, a new fed c...

They reported results over the last year or two. all the banks basically said volatility has been down. therefore, our earnings have been hit as a result of it. this is -- we study this and look at this on an hourly basis every day of our working lives. i can understand to people who have watched the last two to three years and seen pretty much a salted ascendancy of the market now thinking is this calamity. well, there's not much you can do about it, you're in this now. this is where it is going. unless you have to get out, you don't. that's the fundamental rule. >> that's right. >> in terms ...

Christine? >> hi, ana. wall street ended the week with a pretty strong jobs number. now looking for progress on a final tax bill this week. lawmakers working out the differences between the house and senate versions. hope for tax cuts has been a driving stocks higher all week, and investors bet the conference committee process goes smoothly. on wednesday, the federal reserve expected to raise interest rates and will release its latest economic forecast. it also marks janet yellen's final press conference as fed chief. her term ends in february. investors also watching bitcoin. have you seen th...

She could have stayed on as a governor until 2024. instead, she'll leave next year when her successor as fed chief is sworn in. jerome powell is nominated to replace her at the top of the fed. yellen is the first fed chair in three decades not to receive a second term. forget venmo, cash is still king. it's true, digital payments have multiplied in recent years, but u.s. cash in circulation has risen nearly 90% in the last decade, according to a federal reserve study. in total $1.6 trillion in u.s. dollars exist and the majority is actually held outside the country. >> makes sense. uber pl...

Their leaders decided and what the bill is called, and we will know what is in the tax bill. what i do know for sure it's going to be hard to make the math work and a hard quick sell to get this done, something republicans want to do. and later today we will learn who the new fed chief will be. the president will unveil that pick ending months of speculation. the man on your screen, widely expected to get the nod. janet yellen would be the first fed chief since the carter administration to only serve one term. we'll be back. let's begin. yes or no? do you want the same tools and seamless exper...