Monetary policy

China's Central Bank Governor Yi Gang gestures as he speaks during a press conference on the sideline of the National People's Congress at the media center in Beijing, Sunday, March 10, 2019. (AP Photo/Andy Wong)
March 10, 2019 - 1:00 am
BEIJING (AP) — China's central bank governor on Sunday affirmed an official promise to avoid manipulating its currency to boost exports, an issue he said American and Chinese negotiators discussed in their latest talks aimed at ending a tariff war. Yi Gang gave no indication the two sides reached...
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Dark clouds hang over the city with its bank buildings in Frankfurt, Germany, on a windy Thursday morning, March 7, 2019. (AP Photo/Michael Probst)
March 07, 2019 - 12:02 pm
FRANKFURT, Germany (AP) — The European Central Bank took unexpectedly quick action on Thursday to support a slowing economy, joining the U.S Federal Reserve and Chinese leadership in their attempts to counter worries about global growth. The central bank for the 19 countries that use the euro...
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Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/Pablo Martinez Monsivais)
February 27, 2019 - 12:10 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to the Congress (all times local): ___ 11:40 a.m. Federal Reserve Chairman Jerome Powell says that the Fed is making its decisions on interest rates based on "our best thinking" and not political considerations...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Tuesday, Feb. 26, 2019 on Capitol Hill in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 5:27 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warned of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on Tuesday, Feb. 26, 2019 in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 12:48 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to Congress (all times local): ___ 12:15 p.m. Federal Reserve Chairman Jerome Powell wraps up more than two hours of Senate testimony by giving a broader definition of what the Fed means when it says it will be "...
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February 25, 2019 - 5:56 pm
WASHINGTON (AP) — Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve's mandates. "I doubt that he would even be able to say that the Fed's goals are maximum employment and price stability,"...
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February 22, 2019 - 11:12 am
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on...
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FILE - In this Jan. 30, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. Powell says political attacks by President Donald Trump played no role in the Fed’s decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday, March 10, 2019, that he can’t be fired by the president and that he intends to serve out his full four-year term. (AP Photo/Alex Brandon, File)
February 20, 2019 - 3:46 pm
WASHINGTON (AP) — Federal Reserve policymakers last month noted greater threats to the U.S. economy, ranging from adverse effects of the government shutdown to rising trade tensions, and decided to emphasize that they would be "patient" in raising interest rates. Minutes of the Fed's January...
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A man walk past a Reserve Bank of India logo at their head office in Mumbai, India, Thursday, Feb. 7, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. (AP Photo/Rajanish Kakade)
February 07, 2019 - 4:42 am
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help...
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A currency trader works near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 7, 2019. Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. (AP Photo/Lee Jin-man)
February 07, 2019 - 2:13 am
SINGAPORE (AP) — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. Markets in China, Hong Kong and Taiwan were closed for Lunar New Year. When borrowing is made less...
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