Monetary Policy News
Congressman Asks Fed Chairwoman About Potential Political Bias
New Jersey representative Scott Garrett discusses a possible perception that the Federal Reserve has demonstrated a bias towards one party.
'Dramatic Slowing' Seen in Global Trade, as Rhetoric Rises
The World Trade Organization dramatically slashed its forecast for global trade growth this year by around a third to its lowest rate since 2009 when the global economy was mired in recession in the wake of the financial crisis
Will Boom in Loans at Retailers, Manufacturers Turn to Bust?
They sell diamond rings in malls and used cars at dealerships, make wrench sets for mechanics and giant combines for farmers. Not one has "bank" in its name, but they are all big lenders, and getting bigger by the day. If you're wondering how companies can get people to buy things when wages have
Asian Stocks Mostly Steady as Low Rate Outlook Reassures
Asian stock markets held fairly steady Friday, holding on to gains in the week driven by U.S. and Japanese central bank policy decisions that fueled investors' belief that low rates will be around for a few more months
The Note: Pre-Debate Drama
NOTABLES --WHAT'S WORRYING CLINTON AND TRUMP'S CAMPAIGNS AHEAD OF THE DEBATE: While Hillary Clinton and Donald Trump prepare for their first debate on Monday, aides in both their campaigns are expressing concern over how it will all go down, ABC’s CECILIA VEGA, LIZ KREUTZ and CANDACE SMITH report.
Fed Chair Janet Yellen Defensive Against Trump Accusations
Federal Reserve Chair Janet Yellen today defended the independence of the U.S. central bank, saying it does not play politics in response to charges from Donald Trump that she is manipulating financial markets to benefit President Obama. Trump earlier this month said that the Yellen-led Fed is
The Latest: Yellen: Fed Will Monitor Banks, Controls
The Latest: Yellen says Fed will monitor banks, controls in wake of Wells Fargo misconduct
The Latest: Fed Officials See Tepid Growth for Next 3 Years
The latest on the U.S. Federal Reserve's monetary policy meeting, which ends at 2 p.m. with the release of a policy statement, followed by a news conference by Chair Janet Yellen (all times are Eastern): ——— 2:10 p.m. The Fed expects growth will remain tepid for the next three
Text of the Fed's Statement After Its Meeting Wednesday
The full text of the Federal Reserve's policy statement after its meeting Wednesday
Bank of Japan Sets Higher Inflation Goal to Revive Economy
Struggling to rejuvenate an ailing economy, Japan's central bank has set a more ambitious goal for raising inflation and announced steps meant to raise the profitability of financial firms. World stocks rose Wednesday after the decision by the Bank of Japan, with Japan's benchmark Nikkei 225 index