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JEROME POWELL was the keynote speaker at the Greater Providence Chamber of Commerce's annual meeting Monday night. / BLOOMBERG FILE PHOTO/AL DRAGO

Fed Chairman to speak at Greater Providence Chamber’s annual meeting

PROVIDENCE - This fall’s annual meeting of the Greater Providence Chamber of Commerce is expected to feature one of the world's heavy hitters in...
THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chairman Jerome Powell, decided to drop the main interest rate one-quarter of a point Wednesday. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Fed makes second straight rate cut, splits on further action

WASHINGTON – Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further...
THE FEDERAL RESERVE is expected to cut interest rates by a quarter of a percentage point next week and again in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed seen cutting rates twice more in 2019 before holding steady

WASHINGTON – United States central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the...
U.S. STOCKS fell Friday on following the escalation of the U.S. and China trade war. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Stocks sink, bonds gain as U.S.-China feud deepens

NEW YORK – United States stocks slumped and Treasuries rallied after President Donald Trump said he’ll respond to new Chinese tariffs and blasted Federal Reserve...
JEROME POWELL, chairman of the U.S. Federal Reserve, said Friday that while the U.S. economy is strong, it faces uncertainty from global markets and trade uncertainties. / Bloomberg News File Photo/Andrew Harrer

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...

Stocks rise, treasuries fall on stimulus bets

NEW YORK – U.S. stocks rose for a second day as investors got a reprieve from trade posturing and speculation mounted that European officials...

Fed survey finds tariffs pushing up prices, pinching profits

WASHINGTON – A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs...

Trump’s trade war challenges Fed’s independence

All four living former chairs of the Federal Reserve took to the op-ed page of the Wall Street Journal on Aug. 5 to defend...
FEDERAL RESERVE policy makers said a near-term rate cut was warranted from a risk-management perspective because it could help cushion the effects of possible future adverse shocks to the economy at the Federal Open Market Committee. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed minutes show many saw a stronger rate-cut case

WASHINGTON – Federal Reserve officials judged uncertainties and downside risks to the outlook for the United States economy had increased significantly when they gathered...
THE FEDERAL RESERVE left their key interest rate in a range of 2.25% to 2.5% on Wednesday. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

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...

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