Latest Monetary policy News

White House insists 'fundamentals' of US economy are strong

Aug. 20, 2019 5:56 AM EDT

WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser Kellyanne Conway...

Asian shares mostly rise after Wall Street rally on Huawei

Aug. 20, 2019 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the trade war...

Q&A: Recession jitters are rising. Is there reason to worry?

Aug. 19, 2019 4:22 PM EDT

WASHINGTON (AP) — Nerves are being frayed by a global economy that increasingly looks breakable. Growth is stalling. Factory output is down. Oil demand is off. U.S. tariffs on China have slowed trade. Investors have crowded into government bonds and sent interest rates sliding in a way that has often...

Trump calls on Federal Reserve to cut interest rates

Aug. 19, 2019 1:02 PM EDT

WASHINGTON (AP) — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time," saying that such an action would make the U.S. economy even better and would also "greatly and quickly" enhance the global economy. In...

Editorials from around Ohio

Aug. 19, 2019 9:31 AM EDT

Recent editorials of statewide and national interest from Ohio newspapers: Statewide bail reform needs the imprimatur of the Ohio Supreme Court Cleveland Plain Dealer Aug. 18 The seven justices of the Ohio Supreme Court have yet to act on nine powerful bail-reform recommendations from a high-level task force the...

Global shares rise as investors watch trade war, economies

Aug. 19, 2019 8:16 AM EDT

LONDON (AP) — Global stock markets recovered some further ground Monday after last week's turbulence when ongoing concerns about a trade war between the United States and China and an array of worries about waning growth across the world weighed heavily on sentiment. Last week, many stock indexes around...

Trump dismisses worries of recession, says economy is strong

Aug. 19, 2019 4:28 AM EDT

BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week's steep drop in the financial markets. "I don't think we're having a recession," Trump told reporters as he returned to Washington from his New...

Asian shares rise as investors watch trade war, economies

Aug. 19, 2019 12:54 AM EDT

TOKYO (AP) — Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world. Japan's benchmark Nikkei 225 rose 0.6% in early trading to 20,532.95. Australia's S&P/ASX 200 gained 0.8% to...

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

Bank of Mexico lowers interest rate, citing global concerns

Aug. 15, 2019 5:42 PM EDT

MEXICO CITY (AP) — Mexico's central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and tensions including the trade war between the United States and China. The drop from 8.25% was reportedly the first rate cut by the Bank of...