Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died Monday at the age of 92, according to his daughter, Janice Zima. Volcker, ...
Wall St. higher as Fed chief Jerome Powell says U.S. economy is in 'good shape'
Wall Street's main indexes rose on Wednesday as Federal Reserve Chairman Jerome Powell said the domestic economy was in good shape and the central bank saw a "sustained expansion" ahead. This helped ease nerves on Wall Street, which opened lower after President Donald Trump on ...
Fed cuts rates again to weather China-U.S. trade war but signals more tentative mood
The Federal Reserve on Wednesday cut interest rates for the third time this year to ensure the U.S. economy weathers its trade war without slipping into a recession, but signaled it will leave borrowing costs where they are unless things take a material turn ...
Trump again attacks Fed, calling central bank 'derelict in its duties'
President Donald Trump once again attacked the U.S. Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy just days before the key policy meeting. "The Federal Reserve is derelict in its duties if it doesn't lower the Rate and ...
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 ...
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 ...
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 ...
