As promised by Federal Reserve Chair Jerome Powell, US central bankers have embarked on a comprehensive review aimed at making monetary policy more effective. They will draw on both internal and external inputs and, according to a report over the weekend in the Wall Street Journal, consider “whether to allow inflation to rise above their 2 percent target more often ...

Bloomberg US equity futures fell alongside European stocks on fresh headwinds from disappointing corporate earnings and geopolitical tension in Asia. The dollar and Treasuries held steady as traders awaited the second half of the Federal Reserve chairman’s testimony to Congress. The Stoxx Europe 600 index declined as Air France-KLM dropped the most ever and Nivea hand-cream maker Beiersdorf cut guidance, ...

Bloomberg US companies are finally listening to stock and bond investors that have been pressing corporations to cut their debt loads. General Electric Co. is selling its biopharmaceutical business to Danaher Corp. for more than $21 billion, and using the money to pay down borrowings. Kraft Heinz is slashing its dividend and using the proceeds of asset sales to reduce ...