The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the…
By Christopher Rugaber, Associated Press
The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December.
In our news wrap Wednesday, the Federal Reserve gave its strongest signal yet that an interest rate cut is coming. Fed Chair Jerome Powell said growing economic "uncertainty" makes the case for a rate reduction, which would be the first…
The Federal Reserve hiked a benchmark interest rate on Wednesday. Largely expected but only the second time since 2008, it was a big deal for Fed Chair Janet Yellen to make the announcement. Why now? Jeffrey Brown speaks with Diane…
By PBS NewsHour
By Vikram Mansharamani
What forces are affecting the greenback — and more importantly, what do the moves mean for you?…
By Benn Steil, Emma Smith
Global growth is stalling, and central banks are running out of options.
What do a fiddle, a barn dance and a bale of hay have to do with the Federal Reserve's interest rate policy? A whole lot, says Merle Hazard, who's written yet another finger-picking country song about the economy.
By Mohamed El-Erian
The European Central Bank just lowered their interest rates further into negative territory. But how do negative interest rates anyway?…
By Kristen Doerer
After meeting in Frankfort on Thursday, the European Central Bank announced a new six-point stimulus package aimed at improving the eurozone economy.
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