Stories tagged: Federal Reserve
UPDATED: Wed., July 31, 2019, 4:57 p.m.
The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade …
UPDATED: Tue., July 16, 2019, 6:32 p.m.
Fed Chairman Powell says 2008 financial crisis accelerated major changes in U.S. and global economies.
UPDATED: Wed., July 10, 2019, 5:03 p.m.
Powell sends strong signal that Fed is prepared to cut rates in light of rising uncertainties.
UPDATED: Tue., July 9, 2019, 4:02 p.m.
Powell called the tests, which determine whether a bank could survive a severe economic downturn, one of the “most successful supervisory innovations” achieved in the aftermath of the 2008 financial …
UPDATED: Mon., July 8, 2019, 4:54 p.m.
Technology and health care companies drove U.S. stocks to a lower finish Monday as the market fell for a second straight day following a run of record highs.
Fri., July 5, 2019, 8:42 a.m.
The Federal Reserve on Friday repeated its pledge to “act as appropriate” to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials …
Tue., June 25, 2019, 11:53 a.m.
Federal Reserve Chairman Jerome Powell said Tuesday the economic outlook has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess …
UPDATED: Fri., June 21, 2019, 7:56 p.m.
Federal Reserve says 18 of the nation’s largest and most complex banks strong enough to withstand a severe economic downturn.
UPDATED: Wed., June 19, 2019, 10:10 p.m.
The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and …
UPDATED: Mon., June 17, 2019, 8:07 p.m.
Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably …
Fri., June 14, 2019, 10:59 a.m.
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 …
UPDATED: Fri., June 7, 2019, 8:20 p.m.
Hiring slowed sharply in May, as companies in industries hardest hit by President Donald Trump’s escalating trade war hesitated to bring on new employees.
UPDATED: Tue., June 4, 2019, 3:44 p.m.
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 …
UPDATED: Thu., May 9, 2019, 2:40 p.m.
Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility.
Thu., May 2, 2019, 12:19 p.m.
The withdrawal Thursday of Stephen Moore, President Donald Trump’s choice for the Federal Reserve board, has thrown a spotlight on the tough task Trump has set for himself: Finding a …
UPDATED: Wed., May 1, 2019, 3:28 p.m.
The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health …
Tue., April 30, 2019, 11:07 a.m.
White House adviser Kellyanne Conway says the president is still backing conservative commentator Stephen Moore for a spot on the Federal Reserve board, and she adds she’s not concerned about …
Mon., April 22, 2019, 11:04 a.m.
President Donald Trump said Monday that Herman Cain has withdrawn from consideration for a seat on the Federal Reserve’s board amid a focus on past scandals.
UPDATED: Wed., April 17, 2019, 3:12 p.m.
The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest.
UPDATED: Mon., April 15, 2019, 12:26 p.m.
Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed.
Sat., March 30, 2019
Stephen Moore is almost uniquely unqualified to serve on the Federal Reserve Board
UPDATED: Thu., March 21, 2019, 4:51 p.m.
Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and …
UPDATED: Wed., March 20, 2019, 6:33 p.m.
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United …
UPDATED: Mon., March 18, 2019, 2:39 p.m.
Noting risks, Fed is likely to signal no expectation of rate hikes in the coming months.
Wed., Feb. 20, 2019, 8:03 p.m.
Amid growing worries about a slowing economy, Federal Reserve officials indicated at their meeting last month that they plan later this year to stop paring back a key stimulus program …
UPDATED: Tue., Feb. 12, 2019, 5:50 p.m.
Fed Chairman Powell says prosperity not felt in all areas; economy doesn’t face elevated recession risks
Federal Reserve Chairman Jerome Powell does not feel the probability of a recession “is at all elevated,” and that the country is continuing to see solid economic growth.
Tue., Feb. 5, 2019
Federal Reserve Chairman Jerome (“Jay”) Powell didn’t waste much time getting to the point at last week’s press conference. “My colleagues and I have one overarching goal: to sustain the …
Thu., Jan. 31, 2019, 11:02 a.m.
U.S. long-term mortgage rates edged up after declining in recent weeks.
UPDATED: Wed., Jan. 30, 2019, 6:01 p.m.
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 …
UPDATED: Tue., Jan. 29, 2019, 4:45 p.m.
The Federal Reserve is set Wednesday to leave its key short-term interest rate alone and to signal that it will remain cautious this year about raising rates further.