Central banking

FILE - In this Nov. 25, 2019, file photo Federal Reserve Board Chair Jerome Powell addresses a round table discussion during a visit to Silver Lane Elementary School, in East Hartford, Conn. On Wednesday, Dec. 11, the Federal Reserve issues a statement and economic projections, followed by a news conference with Powell. (AP Photo/Steven Senne)
December 11, 2019 - 5:19 am
WASHINGTON (AP) — The Federal Reserve is set to leave its benchmark interest rate unchanged Wednesday and will likely signal that it expects rates to remain low well into next year despite a robust job market. Many economists have said they think sluggish growth will even compel the Fed to cut...
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A currency trader watches computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 10, 2019. Asian stock markets have fallen as investors look ahead to interest rate decisions by U.S. and European central bankers and possible American tariff hike on Chinese imports. (AP Photo/Lee Jin-man)
December 10, 2019 - 3:27 am
BEIJING (AP) — Global stock markets fell Tuesday as investors looked ahead to a U.S. tariff deadline on Chinese imports and American and European interest rate decisions. Markets also were watching for the outcome of Britain's snap election Thursday amid uncertainty over plans to leave the European...
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A woman uses ATM outside a bank, as a Lebanese policeman stands guard, in Beirut, Lebanon, Wednesday, Nov. 20, 2019. Lebanon’s worsening financial crisis has thrown businesses and households into disarray. Banks are severely limiting withdrawals of hard currency, and Lebanese say they don’t know how they’ll pay everything from tuitions to insurance and loans all made in dollars. Politicians are paralyzed, struggling to form a new government in the face of tens of thousands of protesters in the streets for the past month demanding the entire leadership go. (AP Photo/Bilal Hussein)
December 04, 2019 - 10:27 am
BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six months it would...
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Protesters chant slogans during ongoing protests against the Lebanese political class as riot police stand guard in front of Finance Ministry building in Beirut, Lebanon, Friday, Nov. 29, 2019. Protesters have been holding demonstrations since Oct. 17 demanding an end to widespread corruption and mismanagement by the political class that has ruled the country for three decades. (AP Photo/Bilal Hussein)
November 29, 2019 - 12:05 pm
BEIRUT (AP) — Angry motorists blocked roads with their vehicles in Beirut and other parts of Lebanon on Friday, creating traffic jams to protest a strike by owners of gas stations demanding an increase in gasoline prices as the local currency drops and the nation slides deeper into a financial...
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Pope Francis waves to faithful as he arrives for his weekly general audience, in St. Peter's Square, at the Vatican, Wednesday, Nov. 27, 2019. (AP Photo/Andrew Medichini)
November 28, 2019 - 12:00 am
VATICAN CITY (AP) — Pope Francis has tapped a Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network. Carmelo Barbagallo has been head of the Italian central...
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The new President of the European Central Bank Christine Lagarde adds her signature to an oversize euro banknote at the ECB in Frankfurt, Germany, Wednesday, Nov. 27, 2019. (AP Photo/Michael Probst)
November 27, 2019 - 6:01 am
FRANKFURT, Germany (AP) — The new president of the European Central Bank has added her signature to euro banknotes, which she describes as “the most tangible symbol of European integration.” Christine Lagarde signed the euro bills in a brief ceremony Wednesday at the ECB’s Frankfurt headquarters, a...
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Federal Reserve Board Chair Jerome Powell addresses a round table discussion during a visit to Silver Lane Elementary School, in East Hartford, Conn., Monday, Nov. 25, 2019. Powell and Federal Reserve Bank of Boston President Eric Rosengren toured a working-class neighborhood in East Hartford and met with residents to get a closer look at their challenges. (AP Photo/Steven Senne)
November 25, 2019 - 6:21 pm
Federal Reserve Chairman Jerome Powell is sketching an optimistic view of the economy but signaling that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell says that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for...
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File-This July 31, 2019 file photo shows the Federal Reserve Building in Washington. The Federal Reserve says corporate debt remains at historically high levels but overall the U.S. financial system is resilient, a view in sharp contrast to the problems that led to the 2008 financial crisis. (AP Photo/Patrick Semansky, File)
November 20, 2019 - 2:50 pm
WASHINGTON (AP) — Most Federal Reserve officials believed last month that the three rate cuts they have made this year would be enough unless the economy weakened significantly. The minutes of the October Fed meeting, released Wednesday, reveal that “most participants” thought that this year’s rate...
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Federal Reserve Board Chair Jerome Powell testifies to the House Budget Committee, Thursday, Nov. 14, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
November 18, 2019 - 1:41 pm
WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell’s message to Trump during their meeting...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 18, 2019. Asian shares are mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. (AP Photo/Lee Jin-man)
November 18, 2019 - 2:37 am
TOKYO (AP) — Global shares were mixed Monday in cautious trading after Wall Street closed the week with new milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. France’s CAC 40 slipped less than 0.1% in early trading to 5,...
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