The European Central Bank and Federal Reserve are deeming it unnecessary to support the economy with policies created in darker days of financial uncertainty.
federal reserve
Posted inBusiness, Nation & World
Fed increase in key interest rate will add to cost of borrowing for consumers, businesses
The central bank also signals more interest rate hikes are coming this year as the economy continues its steady expansion.
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Posted inBusiness, Nation & World
Fed expected to raise interest rates at first meeting with new chairman
Officials are also meeting for the first time since Republicans passed a $1.5 trillion tax cut last year.
Posted inBusiness
Powell says Fed believes rates can go up gradually
The central bank chairman clarifies his comments earlier in the week that sent the market lower.
Posted inBusiness
Fed chair promises steady hand, sees little risk of recession
Jerome Powell predicts the economy will stay strong, but he warns it’s too early to gauge tax cuts’ efficacy.
Posted inBusiness, Nation & World, Politics
New Fed chair Jerome Powell vows to stay alert to economic risks
He says the economy is recovering well and the bank will be vigilant about any emerging threats to financial stability.
Posted inBusiness
Banking panel approves Trump nominee to Fed board
The 13-12 vote along party lines means his confirmation is up for grabs in the full Senate.
Posted inBusiness, Nation & World, News
Senate confirms Jerome Powell as new Federal Reserve chairman
He will start next month and succeeds Janet Yellen, the first woman to lead the Fed.
Posted inBusiness, Nation & World
Fed needs to avoid ‘boom-bust’ cycle in economy, Yellen says
The Federal Reserve chair says officials remain puzzled about why inflation has retreated for several months this year.
Posted inBusiness
Bernanke, Yellen win annual ethics award
The past and present chairs are honored for their efforts to increase transparency at the secretive Fed.