US stocks close higher as traders brush off Powell's warnings of more potential rate hikes

Tech Insider
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Fed chief Powell reiterated that inflation was still above the Fed's 2% target.

AP Photo/Susan Walsh, File

US Stocks edge higher as traders wait for Powell's Jackson Hole speech

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Federal Reserve Governor Jerome Powell attends the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming August 28, 2015. REUTERS/Jonathan Crosby
Federal Reserve Governor Jerome Powell attends the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming

Thomson Reuters

Wharton professor Jeremy Siegel says the US won't spiral into a new bout of inflation even as economy stays hot

Tech Insider : Economy, Economy
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Wharton finance professor Jeremy Siegel.

Steve Marcus/Reuters

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