ASX climbs. J O Hambro’s Mehta picks Tencent Music. IMF’s Bannan picks Corporate Travel. Ellerston’s Kourtis picks Perpetual.

The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.

Bitcoin’s price dropped about 2.79% after Jerome Powell stated that the Fed is in no “hurry to lower rates,” given the ...