An American economist and author said the decision by the US Federal Reserve to raise interest rates in the face of collapsing consumer demand may signal an intention to cause an economic collapse.

Democratic Senator Elizabeth Warren has said she is “very worried” that the US Federal Reserve will “tip this economy into a recession.”

High-profile progressive Democrats have called on President Biden to replace Federal Reserve Chair Jerome Powell to be replaced.

The US economic recovery from the disruptions caused by the novel coronavirus outbreak will likely be a "long, hard road."

US President Donald Trump has urged the Federal Reserve, the US central bank, to not make "another mistake" by raising interest rates.

As Janet Yellen’s tenure at the US Federal Reserve ends, President Trump’s pick prepares to take the helm at the second most powerful position in the country.

Bitcoin has ploughed past $14,000 to a fresh record as investors continue to pile in.