Craig Torres
Yellen says pockets of ‘persistently high’ unemployment remain
WASHINGTON - Federal Reserve Chair Janet Yellen said challenges remain in the U.S. labor market, including concentrations of elevated joblessness in poor and minority...
Fed raises benchmark rate as inflation approaches 2% target
WASHINGTON - The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year, signaling more...
Yellen sees more rate hikes needed if economy stays on course
WASHINGTON - Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the economy meets the central bank’s outlook of gradually...
Changing U.S. immigration rules loaded with economic baggage
WASHINGTON - President Donald Trump spent his first week making good on even his most controversial campaign promises when it comes to immigration, leaving...
Yellen says economy near goals, warranting gradual rate hikes
WASHINGTON - Federal Reserve Chair Janet Yellen said the U.S. economy is “close” to the central bank’s objectives of full employment and stable prices...
Yellen says rate-hike case ‘strengthened in recent months’
WASHINGTON - Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central...
Fed says risks have diminished as it leaves rate unchanged
WASHINGTON - The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting...
Beige book: economy growing modestly with slight price pressures
WASHINGTON - The U.S. economy expanded at a modest pace since mid-May amid “slight” price pressures and some softening in consumer spending, a report...
Fed’s next rate move splits economists looking past March FOMC
WASHINGTON - The great American jobs machine keeps humming and inflation is finally stirring to life. Still, economists are split over how aggressively the...
Brainard urges patience at Fed as Fischer sees inflation signs
WASHINGTON - Federal Reserve Governor Lael Brainard said the U.S. economy isn’t immune to global risks and called for careful adjustments to the policy...
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