Tag: US central bank

• 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.

• Wednesday, February 28th 2018 - 09:53 UTC

  Fed chairman Powell anticipates gradual interest rate increases despite larger government spending

  

  Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.