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Jerome Powell and Treasury Secretary Janet Yellen will tell Congress the economy is recovering but that more needs to be done to get to pre-pandemic levels
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The Dow, S&P 500 and Nasdaq all hit new records as markets closed on Wednesday. Former President Donald Trump frequently cited stock market gains as a personal accomplishment.
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The Dow falls more than 500 points as a report says large global banks were involved in transactions flagged as possible money laundering and hopes dim for Congress to pass another relief measure.