Latest Monetary policy News

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

Asian shares mostly higher after US Fed signals on low rates

Aug. 29, 2021 22:47 PM EDT

TOKYO (AP) — Asian shares were mostly higher Monday, as investors interpreted comments from the head of the U.S. Federal Reserve as signaling low interest rates were here to stay for some time. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 27,686.18....

Stocks rally to records amid relief rates will remain low

Aug. 27, 2021 16:30 PM EDT

NEW YORK (AP) — Wall Street rallied to records on Friday after the head of the Federal Reserve said it's still far from pulling interest rates off the record low that's helped markets soar, even if it does begin dialing back its support for the economy later this year. ...

Powell: Fed on track to slow aid for economy later this year

Aug. 27, 2021 15:06 PM EDT

WASHINGTON (AP) — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. ...

Dilemma for Fed chief: High inflation and a surging virus

Aug. 26, 2021 11:34 AM EDT

WASHINGTON (AP) — Not long ago, anticipation was high that Federal Reserve Chair Jerome Powell might begin to sketch out a plan this week for the Fed to start pulling back on its support for an economy that has been steadily strengthening. That was before COVID-19 cases...

Taliban took Afghanistan but face cash squeeze

Aug. 20, 2021 11:43 AM EDT

WASHINGTON (AP) — The Taliban face a frontal challenge in cementing control of Afghanistan: Money. Despite their dominant military blitz over the past week, the Taliban lack access to billions of dollars from their central bank and the International Monetary Fund that...

Fed discussed pulling back on bond purchases later this year

Aug. 18, 2021 16:27 PM EDT

WASHINGTON (AP) — Federal Reserve officials last month discussed the idea of beginning to dial back their extraordinary support for the U.S. economy later this year, though they stopped short of a firm decision on a timetable. The minutes of the Fed's July 27-28...

Asian stock markets rebound after Wall St falls from record

Aug. 18, 2021 00:00 AM EDT

BEIJING (AP) — Asian stock markets rebounded Wednesday after Wall Street fell on weak retail sales as investors awaited an update from the Federal Reserve on possible plans to reduce U.S. stimulus. Shanghai, Tokyo, Hong Kong and Sydney advanced. ...

Fed's Powell: There's no returning to pre-pandemic economy

Aug. 17, 2021 16:11 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We're not simply going back to the economy that we had...

Pelosi faces new threat from moderate Democrats over budget

Aug. 13, 2021 17:49 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi faced a fresh hurdle Friday to passing President Joe Biden’s multitrillion-dollar domestic policy aspirations, as nine moderate Democrats threatened to derail a budget blueprint crucial to opening the door to much of that spending. ...