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Craig Torres

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THE FEDERAL RESERVE left interest rates unchanged Thursday in a unanimous vote and stayed on course to hike in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed stands pat on interest rates ahead of expected Dec. hike

NEW YORK - The Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs...
FEDERAL RESERVE OFFICIALS raised interest rates for the second time this year. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS

Fed raises rates; Officials lift outlook to four 2018 hikes

NEW YORK – Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in...
THE FEDERAL RESERVE unanimously voted to lift the federal funds rate target range from 1.5 percent to 1.75 percent. BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed raises rates, steepens path of hikes as outlook strengthens

NEW YORK - Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a...
THE FEDERAL RESERVE released its Survey of Consumer Finances Wednesday / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

U.S. growth starts to help more people, but wealthiest win most

NEW YORK - The long-running United States economic expansion is starting to reach down and deliver gains to lower-income Americans, while causing already-wide disparities...
JANET YELLEN, chair of the U.S. Federal Reserve. / BLOOMBERG FILE PHOTO/CHRIS RATCLIFFE

Fed to shrink assets next month, boost rates by year-end

NEW YORK - Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of...
FEDERAL RESERVE CHAIR Janet Yellen said that any rollbacks of post-crisis financial reforms should be “modest.” / BLOOMBERG FILE PHOTO/ANDREW HARRER

Yellen issues broad defense of post-crisis financial rules

NEW YORK - Federal Reserve Chair Janet Yellen said any rollback of post-crisis financial reforms should be “modest” because they’ve made the banking system...
THE FEDERAL RESERVE said might begin to begin balance sheet normalization as soon as September. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed says balance-sheet unwind to start `relatively soon’

NEW YORK - Federal Reserve officials said they would begin running off their $4.5 trillion balance sheet “relatively soon” and left their benchmark policy...
JANET YELLEN, chair of the U.S. Federal Reserve. /BLOOMBERG FILE PHOTO/PETE MAROVICH

Yellen sees inflation as key uncertainty amid moderate growth

NEW YORK - Federal Reserve Chair Janet Yellen said the United States economy should continue to expand over the next few years, allowing the...
FEDERAL RESERVE OFFICIALS were split on when and how to shrink the Federal Reserve's balance sheet, minutes from the Fed's June meeting showed. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS

Fed officials divided on when to begin balance-sheet unwind

NEW YORK - A divided Federal Reserve policy committee couldn’t reach an agreement in June on the timing of when to begin shrinking its...
JANET YELLEN CHAIR of the U.S. Federal Reserve. /BLOOMBERG FILE PHOTO/ANDREW HARRER

Yellen’s future at Fed resisted by Trump aides wanting new blood

NEW YORK - Federal Reserve Chair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new...
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