Monetary policy

FILE- In this May 21, 2018, file photo Treasury Secretary Steve Mnuchin arrives to speak with reporters about trade with China outside of the White House in Washington. In an interview with CNBC Tuesday, Aug. 28, Mnuchin says he respects the Federal Reserve's independence. He says he believes Federal Reserve Chairman Jerome Powell understands the need for economic growth and will be careful in implementing monetary policy. (AP Photo/Evan Vucci, File)
August 28, 2018 - 2:56 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Tuesday called Federal Reserve Chairman Jerome Powell a "phenomenal leader." His comments marked the administration's first praise of the central bank since a barrage of criticism by President Donald Trump. In an interview with CNBC, Mnuchin...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Monday, Aug. 27, 2018. Asian stocks are rising as a dovish speech by U.S. Federal Reserve Chairman Jerome Powell and all-time highs on Wall Street gave markets a breather from trade tensions. (AP Photo/Kin Cheung)
August 27, 2018 - 7:08 am
LONDON (AP) — Global markets rose on Monday as fairly dovish comments from U.S. Federal Reserve Chairman Jerome Powell helped reassure investors that the central bank is not planning to accelerate its interest rate increases next year. KEEPING SCORE: In Europe, Germany's DAX was up 0.5 percent to...
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Esther George, left, President and CEO of the Federal Reserve Bank of Kansas City, John Williams, center, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 24, 2018 in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. (AP Photo/Jonathan Crosby)
August 24, 2018 - 3:19 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem...
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FILE- In this July 18, 2018, file photo Federal Reserve Board Chair Jerome Powell put on his glasses while testifying during a House Committee on Financial Services hearing on Capitol Hill in Washington. Powell gives the keynote address Friday, Aug. 24, at an annual conference of central bankers in Jackson Hole, Wyo. (AP Photo/Jacquelyn Martin, File)
August 23, 2018 - 3:12 pm
WASHINGTON (AP) — A top Federal Reserve official said Thursday that she favors two more interest rate increases this year despite complaints from President Donald Trump that the Fed's continuing rate hikes risk slowing the U.S. economy. Esther George, president of the Fed's Kansas City regional...
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August 23, 2018 - 10:32 am
FRANKFURT, Germany (AP) — A German news media report has stirred new speculation about who will succeed Mario Draghi as head of the European Central Bank, one of the world's most powerful economic policy posts. Citing unnamed government sources, the Handelsblatt business publication reported...
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FILE- In this July 17, 2018, file photo, Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington. On Wednesday, Aug. 22, the Federal Reserve releases minutes from its August meeting when it left rates unchanged. (AP Photo/Jose Luis Magana, File)
August 22, 2018 - 1:29 pm
WASHINGTON (AP) — Federal Reserve officials earlier this month said that a strong economy meant that it would "likely soon be appropriate" to boost their benchmark interest rate for a third time this year. But minutes of their discussions released Wednesday also revealed deepening concerns that...
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Nurses holds a sign with a fake Venezuelan's bills, representing how low their salaries have been devalued by inflation, during a protests against the government of President Nicolas Maduro, in Caracas, Venezuela, Thursday, Aug. 16, 2018. The government is lopping off five zeroes from the "Strong Bolivar," which will remain legal tender, in a bid to tame inflation the IMF estimates will reach 1,000,000 percent this year. But economists see it as a Band-Aid solution more likely to freeze up the payment system than address Venezuela's economic problems. (AP Photo/Ariana Cubillos)
August 17, 2018 - 9:49 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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Bank of England Governor, Mark Carney, speaks during a media conference to present the central bank's quarterly Inflation Report, in London, Thursday Aug. 2, 2018. The Bank of England raised its main interest rate for only the second time since the 2008 financial crisis, from 0.50 percent to 0.75 percent, as it weighed conflicting signs about the economy and growing concerns about Brexit.(Daniel Leal-Olivas/Pool via AP)
August 02, 2018 - 10:06 am
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise the rate...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, Aug. 2, 2018. Share benchmarks in Asia are sliding, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports. (AP Photo/Kin Cheung)
August 02, 2018 - 6:50 am
BANGKOK (AP) — World stocks were falling again Thursday on reports that the Trump administration is considering a higher tax rate on Chinese imports, increasing the stakes in the economic powers' trade war. KEEPING SCORE: The DAX index in export-reliant Germany tumbled 1.6 percent to 12,534 and the...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 12:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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