Yellen Again Or Gary Cohn
As President Donald Trump looks to put his stamp on the Federal Reserve, an unexpected frontrunner has emerged to lead the US central bank: current Fed Chair Janet Yellen. Trump, in an interview...
Tag: Federal Reserve System
US Federal Reserve Keeps Benchmark Interest Rate Unchanged
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday but gave no clear signal about the chances for another increase this year. But the central bank did confirm that it...
No-Show Inflation Poses Conundrum For US Fed
After tightening monetary policy last month for the second time this year, the US central bank is expected to pause for the next few months to monitor developments. The Federal Reserve will leave the...
‘Challenging’ For US Economy To Grow By 3%
Federal Reserve Chair Janet Yellen warned Thursday that the Trump administration target of three percent growth will be "quite challenging" to meet. President Donald Trump had promised during last...
US Sees ‘slight To Moderate’ Growth In June
The US economy saw "slight to moderate" growth in June while signs of mounting inflation remained scarce despite tight labor markets, the Federal Reserve said Wednesday. Most regions also expect the...
US Economy Needs Only ‘gradual’ Rate Hikes
Federal Reserve Chair Janet Yellen on Wednesday said even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in the few years ahead. Facing...
Fed’s Yellen Still Sees Only ‘gradual’ Rate Hikes
Federal Reserve Chair Janet Yellen said Wednesday she still foresees only "gradual" interest rate increases in the few years ahead, as the US economy grows stronger and employment expands. Key...
US Fed Sees Signs Business Investment To Boost Economy
The Federal Reserve said Friday it sees hopeful signs that business investment is poised to rebound from the doldrums of the global financial crisis and boost the US economy. But, in its semi-annual...
US Fed Members Divided On Inflation Risk
US central bankers are divided over the risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday. Monetary...
US Fed Members Divided On Near-Term Inflation Risk
US central bankers are divided over the near-term risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday....
Major US Banks Would Withstand Recession
The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday. The results of the first part of the...
US Could Ease Some Post-Crisis Regulation
"There is little doubt that the US financial system is stronger today than it was a decade ago," Jerome Powell said in testimony to be delivered before the Senate Banking Committee, but "we must also...
US Fed Raises Key Interest Rate To 1.0-1.25%, Signals One More Hike
The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak...
US Fed Poised To Hike Despite Weak Inflation
The US Federal Reserve was due to begin a two-day review of monetary policy on Tuesday, with the second interest rate increase of 2017 seen as a near certain result. Any increase, however, would come...
Fed Sees Modest To Moderate US Growth; Optimism Waning
Most regions of the United States continue to see modest to moderate growth, but optimism about the economic outlook has waned, partly due to concerns over government policies, the Federal Reserve...
Key US Inflation Measure Up In April But Remains Soft
The US Federal Reserve's preferred measure of inflation remained soft in April, despite a modest increase, with a key component seeing its slowest rise in 16 months, the Commerce Department reported...
Dollar Slips After Cautious Fed Minutes
US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be...
New Rate Hike Likely Appropriate ‘soon’
US central bankers say the time will "soon" be right to once more raise the key lending rate, according to the minutes of the last Federal Reserve meeting released Wednesday. Monetary policymakers...
US Federal Reserve Keeps Key Lending Rate Unchanged
The US Federal Reserve on Wednesday made no change in the benchmark interest rate and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes. The...
US Fed Not Likely To Move Rates Amid Tepid Inflation
The Federal Reserve was set to open its two-day policy meeting on Tuesday amid signs of softening inflation which eases the pressure to raise interest rates, at least for now. The central bank is not...