Federal Reserve Chairwoman Janet Yellen said she doesn’t see the U.S. economy at risk of overheating and doesn’t expect growth to pick up much soon, comments suggesting the central bank is sticking to its plan of raising interest rates cautiously in the months ahead.
Quitting her job at PepsiCo made Brenda Barnes famous. It also turned out to be a brilliant career move. After serving on corporate boards, which broadened her skills, she returned to the spotlight as president and later CEO of Sara Lee. Ms. Barnes died Jan. 17 at 63.
Donald Trump’s pick for Treasury secretary, Steven Mnuchin, brushed aside criticism from Democrats over his qualifications and investment holdings and sought to reassure lawmakers on a range of issues.
Wilbur Ross, President-elect Donald Trump’s pick for commerce secretary, provided the deepest view yet of the incoming administration’s likely direction on trade in testimony before the committee considering his nomination.