Craig Torres
Powell says economy in favorable place, faces significant risks
WASHINGTON – Federal Reserve Chairman Jerome Powell said the United States economy is in a favorable place but faces “significant risks” as growth abroad...
Fed scraps ‘patient’ rate approach in prelude to potential cut
WASHINGTON – The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a...
Fed minutes signal patience on rate moves for ‘some time’
NEW YORK – Federal Reserve officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time,”...
Powell sees healthy economy with ‘crosscurrents’ to watch
NEW YORK - Federal Reserve Chairman Jerome Powell said a healthy United States economy has faced some “crosscurrents and conflicting signals” that officials in January...
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...
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...
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...
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...
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...
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...
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