Central banking

FILE - In this March 26, 2019 file photo, an evening commuter is silhouetted against the glistening New York City skyline at sunset as he walks along Hudson River shoreline in Jersey City, N.J. On Wednesday, April 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/J. David Ake, File)
April 17, 2019 - 2:45 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest. In its latest report on economic conditions around the country, the Fed said that some...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, April 15, 2019. Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. (AP Photo/Vincent Yu)
April 15, 2019 - 11:00 pm
TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index added 0.2% to 22,208.70. China's Shanghai Composite index lost 0.6% to 3,158.76 and the Hang Seng index in Hong Kong lost 0.3% to 29,736.05. South Korea's...
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File-This April 9, 2019, file photo shows Treasury Secretary Steven Mnuchin testifying before a House Appropriations subcommittee during a hearing on President Trump's budget request for Fiscal Year 2020, in Washington. Mnuchin said Monday, April 15, 2019, that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed. Mnuchin was asked about Trump’s tweet Sunday that if the Fed had done its job properly, the stock market would be 5,000 to 10,000 points higher and overall growth would have been “well over” 4% last year instead of 3%. (AP Photo/Patrick Semansky, File)
April 15, 2019 - 4:57 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve's independence is important globally, while refusing to comment on President Donald Trump's latest attack on the Fed. Mnuchin was asked about Trump's tweet Sunday that if the Fed had done its job properly, the...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 14, 2019 - 12:44 am
WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation...
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Japan's Finance Minister Taro Aso, speaks during a G20 news conference, at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 12, 2019 - 3:58 pm
WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of...
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FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. President Donald Trump said Wednesday, April 10, 2019, that Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board. (AP Photo/Molly Riley, File)
April 12, 2019 - 7:15 am
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell is declining to say whether he thinks his chamber would confirm Herman Cain to join the Federal Reserve board, casting doubt on the former Republican presidential candidate's prospects should President Donald Trump advance him for the post...
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FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. President Donald Trump said Wednesday, April 10, 2019, that Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board. (AP Photo/Molly Riley, File)
April 11, 2019 - 6:08 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell declined to say Thursday whether he thinks his chamber would confirm Herman Cain to join the Federal Reserve board, casting doubt on the former Republican presidential candidate's prospects should President Donald Trump advance him for the...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 11, 2019. Asian markets retreated Thursday on news that most U.S. Federal Reserve officials believed the central bank would leave interest rates unchanged for the rest of the year. But several said their views could shift with incoming data. (AP Photo/Vincent Yu)
April 10, 2019 - 11:40 pm
SINGAPORE (AP) — Asian markets retreated Thursday on news that most U.S. Federal Reserve officials believed the central bank would leave interest rates unchanged for the rest of the year. But several said their views could shift with incoming data. Japan's benchmark Nikkei 225 shed 0.3% to 21,627...
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FILE- In this March 20, 2019, file photo Federal Reserve Chair Jerome Powell listens to a reporter's question during a news conference in Washington. On Wednesday, April 10, the Federal Reserve releases minutes from its March meeting when it left rates unchanged. (AP Photo/Susan Walsh, File)
April 10, 2019 - 4:56 pm
WASHINGTON (AP) — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed's benchmark policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to...
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April 10, 2019 - 11:57 am
WASHINGTON (AP) — President Donald Trump says that former GOP presidential candidate Herman Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board. Asked by reporters Wednesday if the nomination was safe,...
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