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 ...
U.S. President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after ...
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 ...
Fed chief Jerome Powell may signal future rate cuts, but their effectiveness in doubt
The economy is slowing, the trade war is raging and the president is repeatedly attacking. Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do — or can do — to strengthen the economy and restore confidence ...
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's Hong Kong stance shows his focus is on China trade deal
Rather than speak up strongly for the Hong Kong protesters, President Donald Trump on Thursday suggested the answer to their complaints of Chinese oppression is simply for Beijing's "great leader," Xi Jinping, to meet with them and peacefully sort out the unrest that has ...
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 ...
Going negative? As trade war rages, central banks ponder radical steps
The negative interest rate policy — an unconventional gambit once only considered by economies with chronically low inflation, such as Europe and Japan — is becoming a more attractive option for other central banks eager to counter unwelcome currency rises. In Asia, central banks in ...
Fed remains a target as economy falls short of Trump's ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data show an economy in "reasonably good" shape, as the head of the central bank recently said. But behind that confusing dance ...
After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgment: In the Trump era, the Fed faces a steep learning curve. The Fed is supposed to set interest rates based on gauges of inflation ...
