Latest Monetary policy News

FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20. (AP Photo/Richard Drew, File)

Stocks fall in midday trading as investors turn cautious

Feb. 20, 2020 11:49 AM EST

NEW YORK (AP) — U.S. stocks turned broadly lower in midday trading Thursday as investorsbecame more cautious following a record-setting day for major indexes. The virus outbreak originating in China remains a lingering concern as more companiessay they'll be affected. The world’s biggest shipper,...

FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)

Global stocks mostly slip as virus weighs on companies

Feb. 20, 2020 7:57 AM EST

TOKYO (AP) — Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings. France's CAC 40 edged down 0.2% to 6,099 and Germany's DAX fell 0.2% to 13,765. Britain's FTSE 100 was flat at 7,458. Dow and S&P 500 futures...

FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)

Fed seems inclined to keep rates low as virus poses risks

Feb. 19, 2020 3:47 PM EST

WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed policymakers...

Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)

UK inflation jumps higher, reducing likelihood of rate cut

Feb. 19, 2020 5:37 AM EST

LONDON (AP) — Consumer price inflation in Britain jumped higher in January, official figures showed Wednesday, undermining the case for the central bank to cut interest rates as it had been expected to do. The annual inflation rate rose to 1.8% from 1.3% in December, the national statistics agency said, an...

European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)

Negative interest rates turn saving, borrowing upside down

Feb. 14, 2020 11:00 AM EST

FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world where...

President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington, Thursday, Feb. 13, 2020. (AP Photo/J. Scott Applewhite)

Trump Fed nominee Shelton faces skepticism at Senate hearing

Feb. 13, 2020 7:06 PM EST

WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...

Bank of Mexico cuts key interest rate quarter-point to 7%

Feb. 13, 2020 5:48 PM EST

MEXICO CITY (AP) — Mexico’s central bank lowered its benchmark interest rate by a quarter-point to 7% on Thursday, seeking to stimulate an economy that entered into recession last year. In a statement, the Bank of Mexico noted “characteristics of deceleration, low inflation, accommodative...

In this photo released by the Lebanese Government, Lebanon's Finance Minister Ghazi Wazni speaks during a press conference, at the Presidential Palace in Baabda, east of Beirut, Lebanon, Thursday, Feb. 13, 2020. Wazni said Thursday that its new government is weighing whether to pay or default on its $1.2 billion Eurobond maturing next month, amid an economic crisis that has sparked months of unrest. (Dalati Nohra/Lebanese Government via AP)

To pay or not to pay: Lebanon weighs Eurobond debt

Feb. 13, 2020 10:09 AM EST

BEIRUT (AP) — Lebanon's finance minister said Thursday the country's new government is weighing whether to pay or default on its $1.2 billion Eurobond debt, which matures next month, amid an economic crisis that has sparked months of unrest. Lebanon is grappling with its worst financial crisis since the...

Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, left, talks with ranking member Sen. Sherrod Brown, D-Ohio, right, during a hearing with Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, Wednesday, Feb. 12, 2020. (AP Photo/Susan Walsh)

A Trump Fed choice faces Senate scrutiny over policy views

Feb. 13, 2020 12:01 AM EST

WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve will likely face skeptical questioning from a Senate committee Thursday over her unconventional economic views. Trump has nominated Judy Shelton for the Fed's Board of Governors, a position with significant influence over...

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Wednesday, Feb. 12, 2020, during a hearing on the Monetary Policy Report. (AP Photo/Susan Walsh)

Powell hears bipartisan Senate support for Fed independence

Feb. 12, 2020 2:14 PM EST

WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter. “Stay independent,” Sen. John Kennedy, a...