Central banking

FILE- In this June 14, 2018, file photo, Federal Reserve Board Chairman Jerome Powell chairs an open meeting in Washington. On Thursday, July 5, the Federal Reserve releases minutes from its June meeting when raised its benchmark interest rate for the second time this year. (AP Photo/Cliff Owen, File)
July 05, 2018 - 4:42 pm
WASHINGTON (AP) — Federal Reserve officials last month said they expect to keep raising interest rates and suggested that by next year, they could be high enough that they could start slowing growth, according to minutes of their discussion released Thursday. While highlighting a strong economy,...
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A worker climbs onto of a delivery truck loaded with mattresses in Beijing, China, Tuesday, July 3, 2018. China's manufacturing activity slowed in June, adding to concerns that the economy is cooling due to tighter government controls on lending. (AP Photo/Ng Han Guan)
July 03, 2018 - 7:09 am
BEIJING (AP) — The head of China's central bank says he's closely watching the recent slide in the value of the yuan against the U.S. dollar, but the country's economic fundamentals remain strong. Yi Gang was quoted as saying Tuesday that the yuan's depreciation reflects the strengthening of the...
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FILE - In this file photo dated Friday, July 13, 2007, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Prosecutors in Latvia announced Thursday June 28, 2018, that they are charging Rimsevics, who is also on the board of the European Central Bank, with the criminal offense of taking a bribe. (AP Photo/Roman Koksarov, FILE)
June 29, 2018 - 10:44 am
COPENHAGEN, Denmark (AP) — The Latvian member of the European Central Bank's top policymaking board wanted 500,000 euros ($580,000) and a paid fishing vacation to eastern Russia as a bribe from a local banker, prosecutors said Friday. Ilmars Rimsevics, head of the Baltic country's central bank, was...
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FILE - In this file photo dated Friday, July 13, 2007, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Prosecutors in Latvia announced Thursday June 28, 2018, that they are charging Rimsevics, who is also on the board of the European Central Bank, with the criminal offense of taking a bribe. (AP Photo/Roman Koksarov, FILE)
June 28, 2018 - 11:56 am
RIGA, Latvia (AP) — The Latvian official on the European Central Bank's top policymaking board will be prosecuted for bribery in a scandal that has highlighted the EU country's problems with corruption and money laundering. The Latvian prosecutor-general's move on Thursday follows four months of...
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Malaysian Finance Minister Lim Guan Eng, right, shakes hands with newly appointed National Bank Gov. Nor Shamsiah Mohamad Yunus during a press conference in Putrajaya, Malaysia, Friday, June 22, 2018. Lim said that the king has consented to Nor Shamsiah's appointment to head Bank Negara Malaysia from July 1 for a five-year term. (AP Photo)
June 22, 2018 - 5:39 am
KUALA LUMPUR, Malaysia (AP) — Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor. Finance Minister Lim Guan Eng said Friday that the king has consented to Nor Shamsiah's appointment to head Bank Negara Malaysia from July 1...
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FILE- In this June 14, 2018, file photo, Federal Reserve Board Chairman Jerome Powell, left, and Vice Chair Randal Quarles listen during an open meeting in Washington. The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. (AP Photo/Cliff Owen, File)
June 21, 2018 - 6:08 pm
WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks' hypothetical losses from credit cards increased in the latest "stress tests," however. The first round of the central bank's annual stress...
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FILE- In this June 13, 2018, file photo Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. Powell is expected to speak about the job market at a European Central Bank conference in Portugal on Wednesday, June 20. (AP Photo/Jacquelyn Martin, File)
June 20, 2018 - 12:59 pm
WASHINGTON (AP) — The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. The officials said at a conference in Portugal that the escalating trade fights involving the United States, China and Europe...
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FILE- In this June 13, 2018, file photo Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. Powell is expected to speak about the job market at a European Central Bank conference in Portugal on Wednesday, June 20. (AP Photo/Jacquelyn Martin, File)
June 20, 2018 - 9:54 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday...
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FILE- In this April 26, 2018, file photo, Vincent Pepe stands outside the New York Stock Exchange where he works in the Financial District in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 15. (AP Photo/Kathy Willens, File)
June 15, 2018 - 4:33 pm
NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies. The White House announced tariffs on $50 billion of imports from...
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June 14, 2018 - 2:59 pm
WASHINGTON (AP) — The Federal Reserve has set limits aimed at addressing one of the leading causes of the 2008 financial crisis — the buildup of loans extended by one bank to another among the biggest Wall Street institutions. The Fed unveiled a new rule Thursday that caps a big bank's credit...
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