Central banking

Federal Reserve Board Chair Jerome Powell testifies before the House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/Pablo Martinez Monsivais)
February 27, 2019 - 3:35 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is close to announcing a plan to end the reduction of the size of its massive bond portfolio, which looks likely by the end of the year. Powell, delivering the Fed's semiannual monetary report to Congress, faced a...
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Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/Pablo Martinez Monsivais)
February 27, 2019 - 12:10 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to the Congress (all times local): ___ 11:40 a.m. Federal Reserve Chairman Jerome Powell says that the Fed is making its decisions on interest rates based on "our best thinking" and not political considerations...
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February 27, 2019 - 5:55 am
BERLIN (AP) — The German government has given the green light for Jens Weidmann to head the country's central bank, the Bundesbank, for a second eight-year term. Chancellor Angela Merkel's Cabinet decided Wednesday to formally propose to the country's president that Weidmann serve a second term...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Tuesday, Feb. 26, 2019 on Capitol Hill in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 5:27 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warned of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on Tuesday, Feb. 26, 2019 in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 12:48 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to Congress (all times local): ___ 12:15 p.m. Federal Reserve Chairman Jerome Powell wraps up more than two hours of Senate testimony by giving a broader definition of what the Fed means when it says it will be "...
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An orange sky is seen over the banking district of Frankfurt, Germany, on Tuesday, Feb. 26, 2019. (AP Photo/Michael Probst)
February 26, 2019 - 7:52 am
LUXEMBOURG (AP) — The European Union's top court on Tuesday overturned Latvia's decision to suspend a member of the European Central Bank while he is investigated for alleged bribery in a scandal that has shaken the country. The EU Court of Justice said that Ilmars Rimsevics, the governor of the...
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February 25, 2019 - 5:56 pm
WASHINGTON (AP) — Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve's mandates. "I doubt that he would even be able to say that the Fed's goals are maximum employment and price stability,"...
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February 22, 2019 - 11:12 am
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on...
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The last sunlight is reflected in the facade of the European Central Bank as the sun sets in Frankfurt, Germany, Tuesday, Feb. 19, 2019. (AP Photo/Michael Probst)
February 21, 2019 - 7:53 am
FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be "deeper and more broad-based" than previously suspected. The written account of the Jan. 24 meeting released Thursday indicated the bank's 25-member rate-...
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A Chinese man monitors stock prices at a brokerage in Beijing, China, Thursday, Feb. 21, 2019. Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. (AP Photo/Ng Han Guan)
February 21, 2019 - 4:44 am
BEIJING (AP) — Most global stock markets rose Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. In early trading, Germany's DAX index advanced 0.4 percent to 11,445.77 while London's FTSE 100 was off 0.2 percent at 7,210.51. France'...
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