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.
UK Pound's Post-Brexit Plunge Echoes Past Crises
Throughout the 20th century, Britain endured a series of currency crises that accompanied and exposed its decline as a major global power
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
US Markets Extend Slide as Brexit Fallout Continues
U.S. stocks continued their slide today as investors reacted to more potential fallout from Britain's vote to withdraw from the European Union last week. The Dow Jones dropped 200 points shortly after the opening bell and was down 260 points by the end of trading. All U.S. markets closed in
Fed Raises Interest Rates for First Time in Nearly a Decade
The Federal Open Market Committee ( FOMC ) announced today that it was raising short-term rates by a quarter point -- the first increase in nine years. The decision had been widely expected by investors after Federal Reserve officials, including Chairwoman Janet Yellen , had hinted that the central
President Obama’s Trip to Jamaica and Panama: 5 Things to Watch
President Obama will depart Wednesday evening for a three-and-a-half-day trip to Jamaica and Panama for a series of meetings at which the U.S. relationship with Cuba is expected to take center stage. The president will first travel to Kingston, Jamaica, where he will meet with Caribbean leaders to
Big Number: Nasdaq Hits 5,000 as Investors Trade Like It's 2000
Yahoo! Finance's Rick Newman on how the Nasdaq hit this new milestone Monday.
As Ruble Struggles, Apple (AAPL) Suspends Online Sales in Russia
Russia’s economic and financial crisis is getting even worse and threatens to spiral out of control as the value of its currency falls. Now, Apple has halted online sales of its products in Russia. “Due to extreme fluctuations in the value of the [ruble] , our...