Tag: Federal Reserve
U.S. third-quarter growth revised to three-year high of 3.3%
NEW YORK - The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses...
Trump says he’ll nominate Jerome Powell to lead Federal Reserve
NEW YORK - President Donald Trump said Thursday he would nominate Jerome Powell to be the next Federal Reserve chairman, saying he had won the respect...
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’s big bond unwind may clobber U.S. stocks, corporate debt
NEW YORK - Stocks and corporate bonds may be the surprise big losers once the Federal Reserve starts reducing its $4.5 trillion balance sheet.
A...
Treasury maintains borrowing, notes outlook for rising needs
NEW YORK - The U.S. Treasury Department said it will maintain the issuance of longer-term debt for the sixth straight quarter at $62 billion...
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...
Federal Reserve: Consumers favoring noncash payments other than checks
KANSAS CITY, Mo. – Writing checks is steadily becoming less popular.
Indeed, consumers in 2015 wrote nearly two-thirds fewer checks per household than in 2000,...
- Featured Event -
