Latest Central bank interest rates News

'Our bigger enemy': Trump escalates attack on Fed chief

Aug. 23, 2019 11:29 PM EDT

WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after...

US stocks tumble as US-China trade war rattles investors

Aug. 23, 2019 10:15 PM EDT

The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss. Stocks tumbled after President Donald Trump responded angrily on Twitter...

The Latest: Fed vice chairman made no time for Trump tweet

Aug. 23, 2019 5:19 PM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 5:15 p.m. Federal Reserve Vice Chairman Richard Clarida says he was too busy at the central bankers' conference in Jackson Hole, Wyoming, to read President Donald Trump's tweets, including the one...

The Latest: Some see signal in Powell speech of rate cuts

Aug. 23, 2019 12:06 PM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 12 noon. Some economists saw Federal Reserve Chairman Jerome Powell's speech in Jackson Hole as setting the stage for further interest rate cuts this year. A quarter-point rate cut reduction in...

The Latest: Analyst still sees likelihood of Fed rate cuts

Aug. 23, 2019 11:02 AM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 10:35 a.m. In the wake of Federal Reserve Chairman Jerome Powell's speech in Jackson Hole, Wyoming, some analysts still foresee the likelihood of further interest rate cuts. "I still think the Fed...

The Latest: Trump attacks Powell Fed after chairman's speech

Aug. 23, 2019 11:01 AM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 11 a.m. Reacting to Federal Reserve Chairman Jerome Powell's speech in Jackson Hole, Wyoming, President Donald Trump, who has relentlessly attacked Powell and the Fed for its rate policies, kept up...

The Latest: Powell offers no clear hint on further rate cuts

Aug. 23, 2019 10:09 AM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 10 a.m. Federal Reserve Chairman Jerome Powell says President Donald Trump's trade wars have complicated the Fed's ability to set interest rate policies but offers no clear signal about further...

Global stocks higher ahead of US Fed chairman's speech

Aug. 23, 2019 7:42 AM EDT

BEIJING (AP) — Global stock markets rose Friday ahead of a closely watched speech by the U.S. Federal Reserve chairman at a gathering of global central bankers in Jackson Hole, Wyoming. Market benchmarks in London, Frankfurt, Shanghai and Tokyo all advanced. Investors are looking to Jerome Powell's speech...

As global economic picture dims, solutions seem out of reach

Aug. 23, 2019 5:28 AM EDT

WASHINGTON (AP) — As global leaders gather on two continents to take account of a darkening economic outlook, this is the picture they face: Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world's two mightiest economies are in the grip of a dangerous trade war....

Asian stocks mixed ahead of Fed chairman's speech

Aug. 23, 2019 12:27 AM EDT

BEIJING (AP) — Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in Shanghai, Tokyo and Australia rose while Hong Kong declined. Investors are looking to Jerome Powell's speech Friday for signs of...