The Dow Jones slumped over 600 points as financial troubles at property developer China Evergrande Group became the latest in a growing list of concerns for Wall Street.
After China let its yuan drop in value, the U.S. accused the country of being a "currency manipulator." Here is how China manages its money and what a dispute with the U.S. could mean.
The central bank remains on track to boost rates gradually, Jerome Powell told Congress on Tuesday in his first testimony as Fed chairman. He said he has seen the economy picking up since December.
As Fed chair, Janet Yellen helped the central bank largely achieve its mandate to engineer full employment while keeping inflation at a level that fosters growth.
At a "listening session" at the Fed conference in Jackson Hole, liberal groups warn about the impact on poor and minority communities of raising interest rates too quickly.
