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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Trump says he plans to keep criticizing Fed over rates

President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve’s interest rate policies even though he knows he has made Chairman Jerome Powell’s job more difficult.

Dow jumps over 500 points amid hopes of Fed rate cut

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars.

Powell hints Fed will cut rates if needed over trade wars

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration’s trade conflicts to protect the U.S. economy, signaling that the Fed will cut interest rates if necessary.

Froma Harrop: A cap on interest rates charged consumers? Yes

The Loan Shark Protection Act would limit the interest charged on credit cards to 15 percent. A 15 percent cap would be too low -- naively too low. Too bad the bill’s sponsors, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, weren’t more careful, because their clumsy approach hands ammo to foes of those reining in truly abusive forms of consumer credit, the most obscene example being the payday loan. As the name implies, a payday loan is a quick infusion of cash to tide the borrower over until the next paycheck arrives, when it’s paid off. But that’s not what usually happens. Here’s the usual scenario:

Fed sees low rates well into future and excites Wall Street

The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given global economic pressures and mild inflation. The Fed also says it’s prepared to slow the reduction of its bond holdings if needed to help the economy.

Trump assails Fed as the ‘only problem our economy has’

President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell’s job as Fed chairman was safe.

Stocks skid to 15-month low after Fed raises rates again

Stocks surrendered a substantial gain after the Federal Reserve raised interest rates again and said it plans to keep raising them next year. Some investors had hoped the Fed would signal a sharper slowdown in its credit tightening policy.

Powell: U.S. economy healthy, rate increases aren’t automatic

Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.