Tag: Federal Reserve

• Thursday, November 21st 2019 - 09:21 UTC

  Fed dismisses the idea of negative interest rates, despite Trump's insistence, according to released minutes

  

  US central bankers last month dismissed the idea of taking interest rates into negative territory, something President Donald Trump has called for many times, according to meeting minutes released on Wednesday.

• Thursday, November 14th 2019 - 09:50 UTC

  Fed chief Powell urged Congress to take action on rising US debt and deficit

  

  Federal Reserve chief Jerome Powell urged Congress on Wednesday to take action on the rising US debt and deficit to ensure the continued growth of the American economy. Called before the Joint Economic Committee to discuss the economic outlook, the central bank chief stressed that it was not his role to give policy advice, before he gave diplomatically-worded policy advice.

• Thursday, October 31st 2019 - 09:01 UTC

  Fed lowers benchmark by a quarter point: third cut in four months

  

  The US central bank has cut interest rates again, hoping to shield the economy from the impact of trade wars and a global slowdown. The Federal Reserve lowered the target for its benchmark rate by a quarter-point, to a range of 1.5% to 1.75%. The move was the third cut in four months.

• Sunday, October 20th 2019 - 10:50 UTC

  Lagarde tells Trump and world leaders to act like grownups in trade conflicts

  

  Former IMF chief Christine Lagarde said President Donald Trump's trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

• Saturday, October 12th 2019 - 09:10 UTC

  Fed announces supply of reserves plan to avoid “cash crunches”

  

  The Federal Reserve has announced a new program to boost liquidity in the US financial plumbing and allow the central bank to better manage interest rates, but without changing monetary policy.

• Friday, September 6th 2019 - 09:50 UTC

  Fed estimates US/China trade war could cost US$ 850bn in lost global trade

  

  Trade policy uncertainty driven by the Trump administration's escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as US$850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.

• Saturday, August 31st 2019 - 08:50 UTC

  Trump again blasts the Fed over inaction as the Euro slides against the dollar

  

  United States President Donald Trump on Friday accused the U.S. Federal Reserve Bank of inaction as the Euro slid in value against the dollar, something he said gave European countries a big trade advantage.

• Wednesday, August 7th 2019 - 08:50 UTC

  United States need an independent Federal Reserve

  

  The following article was published 6 August, in the Wall Street Journal, signed by ex-Fed chiefs Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen. Basically, it states that the US economy functions best when the central bank is free of short-term political pressures.

• Tuesday, August 6th 2019 - 09:15 UTC

  World stock markets plunge as Beijing lets its currency to devalue and halts purchase of US farm produce

  

  World stock markets plunged on Monday as Beijing parried US President Donald Trump's latest tariff announcements by moving to let China's Yuan currency devalue and halting purchases of US agricultural products.

• Tuesday, August 6th 2019 - 09:06 UTC

  Fed expected to further lower interest rate as trade tensions with China increase

  

  Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.