Fed chief Jerome Powell sees cooler U.S. hiring, in possible hint of rate cuts
Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, ...
Federal Reserve Chairman Jerome Powell, who's noncommittal about further interest rate cuts, is facing new pressure to make a third-straight reduction in response to weakening data, volatile markets and a continued bashing from U.S. President Donald Trump. Markets placed about a 75 percent chance of ...
Trump blasts Fed after manufacturing data stoke fears of sharp slide due to trade war
U.S. President Donald Trump once again lashed out at the Federal Reserve on Tuesday, this time in the wake of weak data on the manufacturing sector, saying the central bank has kept interest rates "too high" and that a strong dollar is hurting U.S. ...
Fed cuts interest rates but signals more stringent conditions for further reductions
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion, but signaled a higher bar for making further reductions in borrowing costs — eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook ...
Bank of Japan expected to hold its fire this week after Fed and ECB decisions
The Bank of Japan will leave monetary policy unchanged this week as easing trade tensions and calmer financial markets relieve some of the pressure to act, a Bloomberg survey suggests. About three-quarters of 48 economists said the BOJ will leave policy unchanged at the end ...
With Trump trade war a threat, Fed set to cut rates again but afterward all bets are off
For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the ...
Fed trades 'remarkably positive' for 'no precedents' after volatile year and as slump looms
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue. When the Fed meets this week, ...
A former top U.S. central banker leaped into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump's reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should ...
World needs to end risky reliance on U.S. dollar, BoE's Mark Carney says
Bank of England Gov. Mark Carney took aim at the dollar's "destabilizing" role in the global economy on Friday and said central banks might need to join together to create their own replacement reserve currency. The dollar's dominance of the global financial system increases the ...
Trump's attacks and economic fears focus spotlight on Fed chief Jerome Powell's speech
When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by U.S. President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense spotlight. Powell is walking a very narrow path as he ...
Spooked Trump insists U.S. economy isn't in trouble as he lines up scapegoats and payroll tax cut
President Donald Trump is so convinced that his re-election depends on the economy staying strong that the merest hint of recession has sent him into political crisis management mode. Unpopular and with a middling record of legislative achievements, Trump enters the 2020 campaign season facing ...
Trump slams Fed chief as inverted yield curve signals global distress
The U.S. government bond market sounded alarms Wednesday as investors fleeing riskier assets drove the 30-year bond's yield to a record low and the 10-year yield fell below the rate on the two-year for the first time since 2007. The 10-year Treasury yield dipped as ...
