President Trump challenges Fed on US economic outlook

Politics 06/12/20, 05:47

President Donald Trump on Thursday, June 11, criticized the Federal Reserve after it offered a gloomy outlook on the U.S. economy, which shook the stock market after months of steady gains. The Dow Jones Industrial Average lost more than 1,800 points, or 6.9%, on Thursday, recording the worst day since crashing ...

President Trump: Fed puts US at competitive disadvantage

Business 10/31/19, 18:25

President Donald Trump on Thursday, Oct. 31, raged at the Federal Reserve (Fed) and its chairman Jerome Powell, saying “people are very disappointed” as the central bank is putting the United States at a competitive disadvantage. “People are VERY disappointed in Jay Powell and the Federal Reserve,” President Trump tweeted, one ...

President Trump suggests cutting rates before Fed holds policy meeting

Business 07/22/19, 14:22

President Donald Trump has once again pushed the Federal Reserve (the Fed) to lower interest rates, one week before its Federal Open Market Committee (FOMC) will hold the next policy-setting meeting. In a series of tweets on Monday morning, July 22, President Trump at first repeated his criticism over the central ...

Fed signals rate cut in near future amid President Trump’s criticism

U.S. 06/20/19, 05:17

The Federal Reserve (Fed) decided to hold interest rates steady Wednesday, June 19, saying that information it has received since May indicates the labor market remains strong and economic activity is rising at a moderate rate. But the central bank signaled a rate cut is on the way. Fed’s Federal Open ...

Fed likely to leave rates alone but signal readiness to cut

Business 06/17/19, 10:59

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 not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely ...

Fed says economic gains tempered by trade worries

Business 06/05/19, 20:34

Most areas of the country saw a slight improvement in economic activity in the spring, but those gains were tempered by concerns over rising trade tensions, the Federal Reserve said Wednesday. In its latest report on economic conditions nationwide, the Fed said businesses reported solid hiring in a number of sectors ...

Dow jumps over 500 points amid hopes of Fed rate cut

Business 06/04/19, 19:23

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. Optimism about a resolution to one of those trade disputes and a rebound in technology ...

Powell says Fed stands ready to respond to trade conflicts

Business 06/04/19, 09:41

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. economic expansion if it decides that would be necessary. Powell's comments came at a conference in Chicago on how the central bank can make its interest rate policy ...

Powell says he sees ‘moderate’ risk from corporate debt

Business 05/20/19, 19:49

Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis. In remarks to a banking conference in Fernandina Beach, Florida, Powell said views about risker corporate ...

Powell says policies needed for income growth slowdown

Business 05/09/19, 11:03

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.In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class families since the 1970s than for higher-income ...

Asian stocks mixed as Fed steers clear of signaling rate cut

Business 05/02/19, 01:52

Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed.Hong Kong's Hang Seng rose 0.6% to 29,882.20 while Australia's S&P ...

Update: Markets edge up ahead of Fed rate decision

Business 05/01/19, 04:50

The Latest on the Federal Reserve's monetary policy meeting (all times local): 4:45 a.m. Stock markets are edging higher ahead of a Federal Reserve policy meeting at which the central bank is not expected to change its interest rates but could give clues on their future direction. Futures for the Dow and the ...

Fed likely to underscore a message: No rates hikes in 2019

Business 04/29/19, 10:26

The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year: No interest rates hikes are likely anytime soon. The prospect of continued low rates is keeping borrowing costs low for households and companies. It is helping drive record highs ...

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