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Rich Americans are writing off taxes they owed before they moved to Puerto Rico, the Senate Finance Committee says.

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Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank.

Iran war is fueling inflation and slowing growth around the world, according to a new report.

The central bank’s interest rate policy influences car and home loans, credit cards, savings accounts and more.

The Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.

The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.

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