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.
June 13, 2018 11:56 pm
The Fed has raised rates seven times since late 2015 on the back of the economy's continuing expansion and solid job growth, rendering the language of its previous policy statements outdated.
April 07, 2018 1:07 pm
China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh measures if the United States follows through on President Donald Trump's threat to slap tariffs on an additional $100 billion of Chinese goods.
March 22, 2018 6:46 am
The economy is growing moderately and "job gains have been strong in recent months,'' Fed policymakers say in a statement following the conclusion of its two-day meeting.
Inside Mahesh Babu's New York vacation