With the price of fuel rising China's BYD says it is positioning itself to benefit from the global shift away from fossil fuels.
President Donald Trump had accused Powell of improper cost overruns in renovating the Fed's building.
The proposed legislation was supported by MPs but has not cleared its stages in the Lords.
Airlines are putting up prices and cancelling flights in response to higher jet fuel prices.
Changes in the FTSE 100 and other indexes are not just for financial experts, they can affect our lives.
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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