Central banking

Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington, Wednesday, Nov. 13, 2019. (AP Photo/Jose Luis Magana)
November 14, 2019 - 10:14 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is asking Congress to tackle the growing budget deficit. Powell’s remarks before the House Budget Committee Thursday came a day after he told Congress’ Joint Economic Committee that the Fed was likely to keep rates unchanged in the coming...
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Trader Stephen Gilmartin, right, works with specialist Dilip Patel on the floor of the New York Stock Exchange, Wednesday, Nov. 13, 2019. Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies. (AP Photo/Richard Drew)
November 13, 2019 - 11:22 am
Major U.S. stock indexes edged higher in midday trading Wednesday after the chairman of the Federal Reserve told lawmakers that the central bank is likely to hold off on another interest rate cut, unless the economy shows signs of worsening. Fed Chairman Jerome Powell also expressed optimism about...
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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. The Federal Reserve cut rates for the third time this year. (AP Photo/Susan Walsh)
November 13, 2019 - 10:47 am
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): 11:45 a.m. Federal Reserve Chairman Jerome Powell says that the unemployment rate, already near a 50-year low, could drop...
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In this Tuesday, Nov. 5, 2019, photo, a woman walks by an electronic stock board of a securities firm in Tokyo. Asian stock markets were mixed Wednesday, Nov. 6, 2019, after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. (AP Photo/Koji Sasahara)
November 06, 2019 - 3:17 am
BEIJING (AP) — Global stock markets were mostly higher Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to lift punitive tariffs. Germany and Paris opened higher and London was unchanged. Tokyo rose while Shanghai...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
November 04, 2019 - 6:24 am
Here's an illustration of the many ways slow payment systems can inconvenience you and cost you money. Let's say Homer is two days from payday. The family checking account at First Bank of Springfield is on fumes. There's just enough in the account, Homer thinks, to gas up his Plymouth sedan and...
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Cars pass by near the skyline with the buildings of the banking district in Frankfurt, Germany, Tuesday, Oct. 22, 2019. (AP Photo/Michael Probst)
October 31, 2019 - 6:20 am
FRANKFURT, Germany (AP) — The 19-country eurozone economy grew at a subdued pace in the third quarter, continuing a shaky upswing amid trade disputes and uncertainty over Brexit. At the same time, weaker inflation figures cast a shadow over the outlook and presented a challenge for the new...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell listens to feedback during a panel at the Federal Reserve Board Building in Washington. The Fed concludes its two-day meeting Wednesday, Oct. 30. (AP Photo/Jacquelyn Martin, File)
October 30, 2019 - 1:51 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:45 p.m. Federal Reserve Chairman Jerome Powell has signaled that the U.S. central bank will likely forgo any future cuts to its benchmark rates, so long as economic growth and inflation matched the...
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A television screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, Oct. 30, 2019. The Federal Reserve has cut its benchmark interest rate for the third time this year to try to sustain the economic expansion in the face of global threats. (AP Photo/Richard Drew)
October 30, 2019 - 1:49 pm
WASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it indicated that it won't cut again in the coming months unless the economic outlook worsens. The Fed's move...
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Specialists James Denaro and Erica Fredrickson work on the floor of the New York Stock Exchange, Wednesday, Oct. 30, 2019. Stocks are slipping in early trading on Wall Street as traders hold back ahead of an interest rate announcement from the Federal Reserve. (AP Photo/Richard Drew)
KNSS News
October 30, 2019 - 11:19 am
NEW YORK (AP) — Stocks fell in midday trading Wednesday as investors held back ahead of an anticipated decision by the Federal Reserve to cut interest rates. The central bank has been using its power to cut short-term interest rates as a way to shore up the economy amid the costly impact from the U...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 30, 2019. Shares have declined in Asia after weak earnings for technology and media companies led stocks lower on Wall Street. The modest pullback came a day after the S&P 500 hit an all-time high. (AP Photo/Mark Schiefelbein)
October 30, 2019 - 4:50 am
BANGKOK (AP) — Shares fell in early European trading on Wednesday after Asian benchmarks ended mixed. Britain's FTSE 100 lost 0.2% to 7,293.94, while Germany's DAX shed 0.2% to 12,907.97. The CAC 40 in Paris edged 0.1% higher. The Dow and S&P 500 futures contracts edged 0.1% lower. A modest...
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