Feb 13 Trump’s Fed pick faces sharp criticism in Senate hearing By Christopher Rugaber, Associated Press One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. Continue reading
Jan 29 WATCH: Federal Reserve leaves key interest rate unchanged By Christopher Rugaber, Associated Press The central bank was widely expected to leave its short-term interest rate unchanged. The Fed lowered rates three times last year. Continue reading
Dec 26 How did markets behave in 2019? Record stocks, lower rates, so-so IPOs By Alex Veiga, Associated Press Through it all, the U.S. economy and consumers' appetite for spending remained resilient, supporting the market's record-shattering, year-end rally. Continue reading
Dec 12 Column: Paul Volcker’s legacy, an independent Federal Reserve, is under threat By Michael W. Klein One of Volcker's legacies is taming the runaway inflation that posed an existential threat to the U.S. economy in the late 1970s. Less discussed is just how important he was to establishing the principle of an independent Federal Reserve. Continue reading
Dec 11 Watch 6:26 News Wrap: House opens debate on bill to lower prescription drug costs In our news wrap Wednesday, the House opened debate on a Democratic bill to lower prescription drug costs through government negotiations. House Speaker Nancy Pelosi appealed for bipartisan support, but Sen. Mitch McConnell said he won’t bring the bill up… Continue watching
Dec 11 Federal Reserve leaves interest rates unchanged and foresees no moves in 2020 By Christopher Rugaber, Associated Press The Fed's decision follows three rate cuts earlier this year. Continue reading
Dec 09 Former Federal Reserve chairman Paul Volcker dies at age 92 By Paul Wiseman, Christopher Rugaber, Associated Press Volcker took charge of the Fed in August 1979, when the U.S. economy was slipping into the grip of runaway inflation. Continue reading
Nov 18 Trump summons Powell to discuss interest rates By Christopher Rugaber, Associated Press Monday’s meeting could fuel concerns that the White House is intensifying public pressure on Jerome Powell -- who was President Donald Trump’s own choice to lead the Fed -- to cut rates more aggressively. Continue reading
Nov 14 Federal Reserve chair urges Congress to address budget deficit By Christopher Rugaber, Associated Press Jerome Powell is one of the few leading public figures urging Congress to reduce the federal government’s annual deficit, which is nearing $1 trillion. Continue reading
Nov 13 Jerome Powell optimistic about the U.S. economy’s ‘sustained expansion’ By Christopher Rugaber, Associated Press In testimony before a congressional panel, Powell expressed optimism about the U.S. economy and said he expects it will grow at a solid pace, though it still faces risks from slower growth overseas and trade tensions. Continue reading