July 10, 2020 1:41 pm
It was the first time in 10 months that banks have not tapped the Fed for this key source of short-term funding.
March 18, 2020 2:55 pm
United States President Donald Trump has recently said he can remove or demote the chairman of the Federal Reserve, Jerome H Powell.
March 04, 2020 10:42 am
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% amid choppy trade across the region, though most of the gains were confined to South Korea. Japan's Nikkei oscillated between flat and modest gains.
August 02, 2019 12:13 am
The cut in interest rates on Wednesday is the first time since the 2008 financial crisis. What is ironic is that this move comes despite a strong US economy and indicators such as job market data showing renewed buoyancy.
June 20, 2019 7:17 am
While new economic projections showed policymakers' views of growth and unemployment largely unchanged, they saw headline inflation at just 1.5 percent for the year, down from the 1.8 percent projected in March.
June 19, 2019 8:33 pm
In light of the recent escalation of the US-China trade war and tepid economic data, this month’s FOMC meeting is being more closely watched than usual.
June 19, 2019 11:20 am
The central bank may nod to recent weaker-than-expected jobs numbers and softer inflation, and drop from its policy statement a pledge to be "patient" before changing rates - opening the door to a possible rate reduction later.
March 28, 2019 8:06 am
Stephen Moore is a conservative economic analyst and frequent Federal Reserve critic. He is a well-known and often polarizing figure in Washington political circles. He served as Trump's campaign adviser in 2016 and helped Trump craft his tax cut plan.
September 27, 2018 7:31 am
Marking the end of the era of "accommodative" monetary policy, Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2 percent to 2.25 percent.
July 20, 2018 7:43 am
Trump said he was concerned about the potential impact on the US economy and American corporate competitiveness from rising rates and a stronger dollar.