Economic policy

FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. On Thursday, Aug. 26, Powell will address the Fed's annual gathering of global central bankers, normally held in Jackson Hole, Wyo., but this time being conducted virtually. (AP Photo/Jacquelyn Martin, File)
August 27, 2020 - 11:19 am
WASHINGTON (AP) — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level. The change means the Fed is prepared to tolerate a higher level of inflation than it...
Read More
In this image from video, Secretary of State Mike Pompeo speaks from Jerusalem during the second night of the Republican National Convention on Tuesday, Aug. 25, 2020. (Courtesy of the Committee on Arrangements for the 2020 Republican National Committee via AP)
August 25, 2020 - 9:40 pm
WASHINGTON (AP) — Secretary of State Mike Pompeo has plunged into the heart of the 2020 presidential race with a speech supporting President Donald Trump’s reelection at the Republican National Convention. The speech was recorded in Jerusalem during an official visit to the Middle East and aired...
Read More
FILE - In this Nov. 9, 2017, file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing. U.S. and Chinese trade envoys discussed strengthening coordination of their government’s economic policies during a phone meeting, the Ministry of Commerce announced. (AP Photo/Andy Wong, File)
August 24, 2020 - 10:23 pm
BEIJING (AP) — U.S. and Chinese trade envoys discussed strengthening coordination of their countries' economic policies during a phone meeting Tuesday, the Ministry of Commerce announced. The announcement gave no details of the meeting held as part of the “Phase 1” truce aimed at ending a tariff...
Read More
FILE - In this March 13, 2020, file photo, lobsters await shipping at a wholesale distributer in Arundel, Maine. The United States and the European Union have announced a modest agreement to cut tariffs on less than $300 million worth of annual trade between them. The EU will drop import taxes on U.S. lobsters for the next five years and will work to make the move permanent. (AP Photo/Robert F. Bukaty, File)
August 21, 2020 - 2:59 pm
WASHINGTON (AP) — Maine lobsters should soon be returning to European pots under a modest trade agreement announced Friday. In a big win for Maine's beleaguered lobster industry, the European Union agreed to drop its 8% tariff on U.S. lobsters for the next five years and to work to make the move...
Read More
FILE - In this June 30, 2020 file photo, Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month. The nascent economic recovery faces several risks, Fed officials said in discussions during their most recent meeting on July 28-29. (Tasos Katopodis/Pool via AP)
August 19, 2020 - 2:51 pm
WASHINGTON (AP) — U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month. The nascent economic recovery faces several risks, Fed...
Read More
August 18, 2020 - 1:28 pm
TORONTO (AP) — Former journalist Chrystia Freeland became Canada’s first female finance minister on Tuesday. Prime Minister Justin Trudeau named Freeland to the job after Bill Morneau resigned on Monday. Freeland also keeps her job as deputy prime minister. She is credited with helping to negotiate...
Read More
In this Feb. 29, 2012, file photo a shopper looks over the wine at King & Godfree, one of Australia's oldest licensed grocery stores in, Melbourne, Australia. China on Tuesday, Aug. 18, 2020, began investigating whether Australia is dumping wine in a trade dispute that further strains relations between the countries and could shut the biggest export market for Australian wine. (AP Photo/Mal Fairclough, FILE)
August 18, 2020 - 6:25 am
CANBERRA, Australia (AP) — China on Tuesday launched an investigation into whether Australia is exporting wine at improperly low prices in a new dispute between major trading partners that could reduce access to the biggest market for Australian vintners. The anti-dumping investigation focuses on...
Read More
FILE - In this July 15, 2020, file photo, visitors wearing masks to curb the spread of the coronavirus look at the latest products at a Huawei store in Beijing. China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. (AP Photo/Ng Han Guan, File)
August 18, 2020 - 6:17 am
BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using...
Read More
Prime Minister Justin Trudeau rises during a sitting of the Special Committee on the COVID-19 Pandemic in the House of Commons Wednesday July 22, 2020 in Ottawa. (Adrian Wyld/The Canadian Press via AP)
August 17, 2020 - 7:52 pm
TORONTO (AP) — Canada’s finance minister announced his resignation Monday amid reports of differences with Prime Minister Justin Trudeau over government spending to protect the economy during the coronavrius pandemic. Bill Morneau said he is leaving politics and has put his name forward as a...
Read More
A worker mops the floor of a retail store at a shopping center in Tokyo on Monday, Aug. 17, 2020. Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. (AP Photo/Hiro Komae)
August 16, 2020 - 11:53 pm
TOKYO (AP) — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross...
Read More

Pages