Central banking

FILE - In this file photo dated Monday, Oct. 26, 2020, a man wearing a face mask walks over a bridge with the buildings of the banking district in background in Frankfurt, Germany. New figures released Friday Oct. 30, 2020, show that the European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns. (AP Photo/Michael Probst, FILE)
October 30, 2020 - 10:34 am
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the...
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FILE - In this Sept. 11, 2020 file photo, European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany. The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn early this year. The bank on Thursday, Oct. 29, made no change to its 1.35 trillion ($1.58 trillion) pandemic emergency bond purchase program, which pumps newly created money into the economy to keep credit flowing to businesses and promote economic activity. Hannibal Hanschke/Pool Photo via AP, File)
October 29, 2020 - 8:21 am
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but signaled that more could be coming at its December meeting given that risks are “clearly tilted to the downside” and new staff projections would make possible “a thorough reassessment...
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FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington. A Federal Reserve survey of business conditions around the country has found that the U.S. economy grew at a “slight to modest” pace in September 2020 and early October. (AP Photo/Patrick Semansky, File)
October 21, 2020 - 5:53 pm
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic. The Fed report made public...
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October 19, 2020 - 4:13 am
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably in France, and...
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Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
October 07, 2020 - 1:32 pm
WASHINGTON (AP) — Federal Reserve officials last month believed that while the U.S. economy was recovering faster than expected, it faced ongoing threats, including a failure by Congress to provide further rescue aid. The Fed on Wednesday released minutes of its most recent meeting, showing that...
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Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
October 06, 2020 - 10:15 am
WASHINGTON (AP) — Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday. Powell said that government support — including expanded...
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October 05, 2020 - 9:43 am
CARACAS, Venezuela (AP) — A British court on Monday threw into question who controls nearly $2 billion in Venezuelan gold stowed in a London bank vault amid a power struggle between President Nicolás Maduro and his leading rival. The appeals court ruling set aside a British judge’s earlier decision...
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FILE - IN this Monday, Oct. 12, 2009 file photo, reporters wait outside the De Nederlandsche Bank, the Dutch national bank, in Amsterdam, Netherlands. The Netherlands’ central bank has moved its Dutch-based stock of gold from its headquarters in Amsterdam to a safe in the nearby city of Haarlem. The 14,000 bars and about 1,000 boxes of gold coins worth a total of some 10 billion euros ($11.7 billion) were transported in a meticulously and closely guarded operation that ended Saturday, Oct. 3, 2020. (AP Photo/Peter Dejong, File)
October 03, 2020 - 10:26 am
THE HAGUE, Netherlands (AP) — This really was the gold standard of road trips. The Netherlands' central bank transported its Dutch-based stock of gold — 14,000 bars and about 1,000 boxes of gold coins — from its headquarters in Amsterdam to a safe in the nearby city of Haarlem in a meticulously and...
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Cars and trucks drive on a highway before sunrise in Frankfurt, Germany, Friday, Oct. 2, 2020. (AP Photo/Michael Probst)
October 02, 2020 - 8:19 am
FRANKFURT, Germany (AP) — Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will add to its emergency stimulus efforts to help cushion the impact of the pandemic on the economy. The consumer price index was...
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Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)
September 23, 2020 - 12:54 pm
WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in...
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