Powell says he would not resign if Trump asked him to

Powell says he would not resign if Trump asked him to

The Sino-U.S. trade war, which has roiled global financial markets for the most part of a year ago, has played a major part in fueling fears of a global economic slowdown.

The Labour Department reported Friday that United States employers added a net 312,000 new positions in December, smashing economists' expectations.

Federal Reserve Chair Jerome "Jay" Powell took steps to reassure financial markets on Friday, saying that the United States central bank would be "patient" about rate rises.

Wall Street stocks were in rally mode on Friday morning (Jan 4) following strong U.S. jobs data and after the Federal Reserve head acknowledged rising investor angst over global growth. Wages also rose, while the unemployment rate improved, the Labor Department said.

When asked whether he would comply with a resignation request by Trump, Powell said, "No".

Asked if there were any plans to meet with Trump, he declined to give a specific answer, simply saying "I would say that meetings between presidents and Fed chairs do happen".

Suspected Ebola patient isolated at Swedish hospital
But the patient displayed potential symptoms of Ebola, including vomiting blood, upon arrival at the hospital, he explained. An Ebola outbreak ravaging eastern areas of the Democratic Republic of Congo has claimed several hundred lives.

DeAndre Hopkins Donating NFL Playoff Check to Murdered Houston Girl's Family
Per ESPN , the playoff check is worth $29,000. "When I see Jazmine Barnes' face, I see my own daughter", Hopkins said in a tweet. National Football League player Deandre Hopkins has pledged his playoff game check to Jazmine's family to help cover expenses.

LG's 2019 TVs use software to improve the user's viewing experience
Considering the unanimous success of LG's 2018 TVs, any improvements brought in newer sets should be worth getting excited about. What's more, LG's flagship TVs again feature Dolby Atmos to create incredibly realistic sound for more immersive entertainment.

"It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike".

"Investors and Fed officials will certainly take some comfort from today's stellar jobs report", Oxford Economics said in a research note. Technology stocks, coming off their biggest one-day percentage drop since August 2011 on Thursday, jumped 3.8 percent, leading the gains.

The trade-sensitive industrials sector rose 2.7 percent after Beijing announced a new round of trade talks with Washington on January 7-8 to try and resolve their dispute.

The S&P and Dow Industrials jumped about 3.5 percent and the Nasdaq over 4 percent, putting the three indexes on course to erase all losses from a plunge on Thursday when slowing US factory activity and Apple Inc's (AAPL.O) dire revenue warning fuelled fears of a global economic slowdown.

At 1:00 p.m. ET, the Dow Jones Industrial Average (.DJI) was up 775.82 points, or 3.42 percent, at 23,462.04, the S&P 500 (.SPX) was up 84.12 points, or 3.44 percent, at 2,532.01 and the Nasdaq Composite (.IXIC) was up 272.41 points, or 4.21 percent, at 6,735.91.

US Payrolls surpassed estimates at 312K in December.

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