Central banking

FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. Powell says the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 11:03 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class...
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President Donald Trump speaks during a National Day of Prayer event in the Rose Garden of the White House, Thursday, May 2, 2019, in Washington. (AP Photo/Evan Vucci)
May 02, 2019 - 1:56 pm
WASHINGTON (AP) — Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women. Trump tweeted the news of...
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FILE - In this March 18, 2019, file photo trader Craig Esposito, left, works with specialists Peter Mazza, center, and Vera Liu on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, May 2. (AP Photo/Richard Drew, File)
May 02, 2019 - 1:15 pm
Stocks fell broadly on Wall Street in afternoon trading Thursday as investors reviewed a mostly mixed batch of corporate earnings reports. Technology and communications companies accounted for much of the sell-off. Energy stocks took the heaviest losses as the price of crude oil slumped. Real...
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An investor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, May 2, 2019. Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light as markets in Japan and mainland China were closed. (AP Photo/Annice Lyn)
May 02, 2019 - 6:40 am
SINGAPORE (AP) — World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from the May Day holiday, France's CAC 40 lost 0.4% to 5,561 while Germany's DAX...
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May 02, 2019 - 6:13 am
LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday as it assesses what impact the delay to Brexit might have on the economy. The central bank's Monetary Policy Committee voted unanimously to keep the main rate on hold. Governor Mark Carney will hold a news...
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Specialist John Alatzas, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Wednesday, May 1, 2019. Stocks are opening higher on Wall Street after several big U.S. companies reported earnings that were better than analysts were expecting. (AP Photo/Richard Drew)
May 01, 2019 - 10:56 pm
SINGAPORE (AP) — Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed. Hong Kong's Hang Seng rose 0.4% to 29,829...
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FILE - In this March 20, 2019, file photo federal Reserve Chair Jerome Powell speaks during a news conference in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Susan Walsh, File)
May 01, 2019 - 2:10 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:05 p.m. Federal Reserve Chairman Jerome Powell avoided commenting on some controversial views voiced by President Trump's pick for the Fed's Board of Governors, Stephen Moore. Powell was asked if...
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FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 1:26 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and business loans —...
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A woman walks through the viewing area at the Australian Stock Exchange in Sydney, Australia, Wednesday, May 1, 2019. Financial markets were mostly closed in Asia on Wednesday for holidays after Wall Street capped a wobbly trading session with meager gains. Australia's S&P ASX 200 rose 0.8% after ANZ reported a 2% increase in its profit, kicking off the earnings season for the country's Big Four banks. (AP Photo/Rick Rycroft)
May 01, 2019 - 5:08 am
BANGKOK (AP) — Financial markets were mostly closed in Europe and Asia on Wednesday, while Wall Street futures advanced as investors awaited comment from the U.S. central bank. Britain's FTSE 100 gained 2.47 points to 7,420.69. Australia's S&P ASX 200 rose 0.8% on Wednesday to 6,375.90 after...
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FILE - In this March 18, 2019, file photo trader Joseph Lawler works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 30. (AP Photo/Richard Drew, File)
April 30, 2019 - 4:05 pm
Wall Street capped a day of mostly wobbly trading with meager gains Tuesday, enough to nudge the S&P 500 to an all-time high for the third straight day. The benchmark index spent much of the day hovering below its previous high, but edged up in the last few minutes of trading. Household goods...
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