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Monday, September 23, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: Federal Reserve

UPDATED: Wed., Sept. 18, 2019, 5:26 p.m.

A divided Fed cuts key rate for 2nd time this year

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year while saying it’s prepared to continue doing what it deems necessary to sustain …

UPDATED: Mon., Sept. 16, 2019, 5:46 p.m.

With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and …

Fed survey says growth is steady despite Trump’s trade wars

The Federal Reserve said Wednesday the U.S. economy is still growing steadily and most businesses are optimistic, even in the face of President Trump’s trade wars.

Powell may signal future rate cuts, but would they matter?

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do – or can do – to strengthen the economy and restore confidence …

UPDATED: Wed., July 31, 2019, 4:57 p.m.

Fed cuts key rate in its first reduction in more than decade

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.

Powell says financial crisis accelerated economic changes

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’s message to Congress: Rate cut is likely coming soon

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 says bank stress tests need to keep evolving

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.

U.S. stocks drop as traders weigh odds for steep Fed rate cut

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.

Fed repeats pledge to act to sustain economic expansion

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 …

Powell says economy facing growing uncertainties

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.

Fed says largest banks would survive crisis, in latest tests

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.

Fed leaves its key rate unchanged but hints of future cuts

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.

Fed likely to leave rates alone but signal readiness to cut

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 …

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 …

UPDATED: Fri., June 7, 2019, 8:20 p.m.

U.S. hiring slows sharply as Trump’s trade war hits jobs

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.

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 …

UPDATED: Thu., May 9, 2019, 2:40 p.m.

Powell: Policies needed to address slowdown in income growth

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.

A Trump dilemma: Finding a dovish GOP ally to serve on Fed

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.

Fed signals neither a rate hike nor a cut is likely soon

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 …

Top White House adviser says Trump still backing Moore

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 …

Trump says Cain withdraws from consideration for Fed seat

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.

Fed sees moderate growth but problems in trade and floods

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.

Mnuchin says Fed independence is important globally

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.

Robert J. Samuelson: Why Moore is less

Stephen Moore is almost uniquely unqualified to serve on the Federal Reserve Board

UPDATED: Thu., March 21, 2019, 4:51 p.m.

Consumers should soon see benefit of Fed’s patience on rates

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.

Federal Reserve foresees no interest rate hikes in 2019

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.

Fed set to signal no expectation of rate increases anytime soon

Noting risks, Fed is likely to signal no expectation of rate hikes in the coming months.

Worried about a slowing economy, Fed officials want to maintain a key stimulus program

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.