The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
U.S. President Donald Trump's proposed nominee to serve on the Federal Reserve Board of Governors, Stephen Moore, on Friday said he is not sure if the central bank should be cutting rates right now. Reuters - Published
President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's.. Reuters - Published
President Donald Trump is adding conservative economic commentator Stephen Moore to his team. According to Reuters, Moore will join the U.S. central bank’s board of governors. Moore is a known critic..
According to a report by SFGate, on Friday, President Donald Trump nominated Stephen Moore, a former CNN contributor and campaign advisor, to join the Federal Reserve Board. Trump tweeted, “It is my..
President Donald Trump will nominate a conservative economist to the Federal Reserve’s board of governors. According to Business Insider, Trump is nominating Stephen Moore. Moore has been a supported..
German 10-year bond yields plunged below zero while European shares and the euro fell on Friday as well. German manufacturing contracted for a third straight month in March, compounding worries that..
A tech rally led by Apple pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. Fred Katayama reports.
Shares in Asia rose on Thursday after the U.S. Federal Reserve abandoned forecasts for any rate hikes this year, but European stock markets fail to get a lift as the banking sector weighs up the..
According to Reuters, the Federal Reserve abruptly ended a three-year commitment to managing inflation through interest rates. After their latest Federal Open Market Committee meeting, the Fed chose to..
The Federal Reserve held its key interest rate steady and erased plans to hike rates this year as it downgraded its outlook for the global economy. Conway G. Gittens reports.
According to Reuters, the Federal Reserve has shifted its perspective on monetary policy. After the latest Federal Open Market Committee meeting, the Fed chose to leave interest rates steady for the..
The S&P 500 and the Dow ended lower Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the Federal Reserve affirmed a dovish monetary policy stance. Fred Katayama..
Thomson Reuters Stocks Buzz analyst Terence Gabriel tells Reuters' Fred Katayama why investor reaction to the Fed move was muted and why he's cautious on the outlook for stocks.
According to Business Insider, the Federal Reserve changed its forecast for interest rate hikes. During the latest Federal Open Market Committee, the Fed chose to keep interest rates steady, but they..
According to Reuters, the Federal Reserve chose to leave interest rates steady. But the Fed also signaled a shift in perspective on raising borrowing costs. After a two-day meeting, the Federal Open..
The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the..
The benchmark S&P 500 index ended flat Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in..
The U.S. Federal Reserve will remain patient for a little longer than thought just last month, waiting until the third quarter before raising rates once more, and then stay on the sidelines, according..
NEW YORK (Reuters) - Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week’s U.S. Federal Reserve meeting for affirmation of its..
Wall Street edged higher on Monday ahead of the Federal Reserve policymakers meeting this week. Boeing and Facebook were a drag. Fred Katayama reports.
Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week...
The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve's dovish stance on interest rate hikes. But as Fred Katayama reports, the Dow ended lower as..
Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month but as Pascale Davies reports world markets face a tough month ahead.
According to Reuters.com, "President Donald Trump on Saturday renewed criticism of the Federal Reserve and said the U.S. central bank’s tight monetary policy was contributing to a strong dollar and..
Federal Reserve Chairman Jerome Powell has to avoid falling into any political pitfalls during his second day of congressional testimony as he appeared before the Democratic-led House Financial..
President Donald Trump will nominate conservative Stephen Moore, an economic commentator and Fed critic, to a position on the Federal Reserve board.
USATODAY.com - Published
President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst, to fill a vacancy on the Federal Reserve's seven-member board. Moore served as an economic.. WorldNews - Published
The spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007 on Friday and stocks around the world fell after soft U.S. and European data fueled fears of.. Reuters - Published
U.S. stocks opened lower on Friday after downbeat data from Europe fueled fears of a slowing global economy following an abrupt dovish turn by the Federal Reserve earlier this week. Reuters - Published
WASHINGTON (AP) — President Donald Trump says the economy would have grown much faster last year if the Federal Reserve had not been tightening credit last year. In a broadcast interview, Trump said.. WorldNews - Published
Wall Street's main indexes were set to open lower on Friday after downbeat German data exacerbated fears of a slowdown in global growth following an abrupt dovish turn by the Federal Reserve earlier.. Reuters - Published
German 10-year bond yields dived below zero while European shares and the euro fell on Friday after grim data from the continent fuelled fears of a global economic slowdown following this week's dovish.. Reuters - Published
Asian shares held near 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector helped calm some of the jitters sparked by the Federal Reserve's cautious outlook on the.. Reuters - Published
Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious.. Reuters - Published
Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the.. Reuters - Published
Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve's uber-dovish stance as Brexit worries weighed on the euro and.. Reuters - Published
A tech rally led by Apple Inc pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. Reuters - Published
Technology stocks surged on Thursday, leading Wall Street higher as jitters over the Federal Reserve's warning of an economic slowdown were allayed by upbeat economic data. Reuters - Published
Federal Reserve policymakers see a U.S. economy that is rapidly losing momentum. They predict inflation will miss their 2 percent target for yet another year, despite rising wages, and they expect.. Reuters - Published
The Federal Reserve's decisive statement this week that interest rates are unlikely to rise this year sends a signal to U.S. households: keep buying stuff. Reuters - Published
A tech rally led by Apple Inc pushed Wall Street's main indexes higher on Thursday, offseting losses in U.S. lenders after the Federal Reserve decided not to raise interest rates this year. Reuters - Published
A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve's uber-dovish.. Reuters - Published
Technology shares pushed Wall Street's main indexes higher on Thursday, offseting losses in U.S. lenders after the Federal Reserve decided not to raise interest rates this year Reuters - Published
U.S. stocks eked out gains on Thursday as declines in financial stocks after the Federal Reserve's move to not raise interest rates this year were countered by gains in technology companies. Reuters - Published
U.S. stocks opened lower on Thursday, after the Federal Reserve abandoned any interest rate hikes this year and flagged an expected slowdown in the economy. Reuters - Published
Stock-index futures pointed to a slightly lower start for Wall Street, a day after equities ended mostly lower in the wake of a Federal Reserve meeting that saw policy makers signal they were unlikely.. WorldNews - Published
European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve's abandonment of all plans to raise rates this year left traders wondering what might be lurking.. Reuters - Published
Jerome H. Powell, the Federal Reserve chairman, said interest rates would remain unchanged and provided a fairly downbeat economic assessment. NYTimes.com - Published
Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to.. Reuters - Published
CHICAGO, March 20 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange settled lower on Wednesday but rebounded after the U.S. Federal Reserve decided to keep key interest.. WorldNews - Published
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. Firstpost - Published
The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and.. Reuters - Published
A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks. Reuters - Published
The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic.. Reuters - Published
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance. Reuters - Published
The Federal Reserve took a sharply less aggressive policy posture on Wednesday, signaling it will not hike interest rates this year amid a slowing economy and announcing a plan to end its balance sheet.. Reuters - Published
Stocks across the world fought to extend their longest winning streak of the year on Wednesday, with a global index edging up as a boost from a dovish Federal Reserve more than offset concerns over.. Reuters - Published
The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the.. Reuters - Published
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. The Fed said it.. WorldNews - Published
U.S. interest rates traders on Wednesday piled on bets the Federal Reserve would cut borrowing costs in early 2020 after the central bank slashed its forecast for future rate hikes and said it would.. Reuters - Published
The S&P 500 and the Nasdaq reversed earlier losses, gaining ground after the U.S. Federal Reserve concluded its two-day policy meeting by holding a key interest rate steady and affirming its dovish.. Reuters - Published
The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the.. Reuters - Published
U.S. stocks fell broadly in midday trading on Wall Street Wednesday ahead of the latest interest rate policy decision by the Federal Reserve.
USATODAY.com - Published
Wall Street's main indexes slipped on Wednesday following a weak profit outlook from economic bellwether FedEx Corp and on trade concerns, while investors waited for more clarity regarding the Federal.. Reuters - Published
U.S. stocks fell on Wednesday after economic bellwether FedEx Corp's downbeat profit outlook raised concerns about global growth, while investors waited for more clarity on the Federal Reserve's.. Reuters - Published
World share markets looked poised to end their longest winning streak of the year on Wednesday, ahead of a U.S. Federal Reserve monetary policy decision that may offer clues to interest rate prospects.. Reuters - Published
The shift toward a more hands-off Fed and away from a policy of steadily tightening credit has encouraged the view that the central bank is done raising rates for now and might even act this year to.. WorldNews - Published
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