Craig Torres
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...
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...
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...
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...
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...
Analysis: Fed plan for gradual rate hikes is starting to look...
NEW YORK - Investors and the Federal Reserve may have grown too comfortable with gradualism - raising interest rates at a pace that is...
