Regulators set rules meant to ward off bank crisis
WASHINGTON— Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the...
View ArticleUS consumer borrowing jumps by most in 3 years
WASHINGTON — U.S. consumers stepped up their borrowing in July, led by rising auto loans and higher credit card balances. The Federal Reserve said Monday that overall consumer borrowing jumped $26...
View ArticleUS factory output drops 0.4 percent in August
WASHINGTON — U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants that was due mainly to seasonal adjustment problems....
View ArticleFed keeps rates low, but brace for the inevitable
WASHINGTON — Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy the easy money while it lasts. By mid-2015, economists expect the...
View ArticleYellen: Greatly concerned by widening inequality
WASHINGTON — Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America’s longstanding identity as a land of...
View ArticleFed will likely signal no rate hike anytime soon
WASHINGTON — The global economy has slumped. Turmoil has gripped financial markets. And the U.S. job market, despite steady gains, still isn’t fully healthy. Yet when the Federal Reserve meets this...
View ArticleHow well did the Fed’s stimulus work?
NEW YORK — Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up....
View ArticleAs Fed ends bond buys, Yellen to expand influence
WASHINGTON — When the Federal Reserve announced the end of its landmark bond buying program Wednesday, it also signaled the start of something else: The Janet Yellen era. Officially, Yellen has been...
View ArticleStrengthening US growth reflects help from Fed
WASHINGTON — The U.S. economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its...
View ArticleObama, Yellen discuss economy, financial rules
WASHINGTON — With the Federal Reserve’s role in the nation’s economic recovery at a crossroads, Fed Chair Janet Yellen on Monday sat down with President Barack Obama in their first face-to-face...
View ArticleFed proposing big US banks boost capital cushions
WASHINGTON — Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses. The proposed...
View ArticleFed likely to note gains but signal no rate hike
WASHINGTON — A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement. In a...
View ArticleWhy the Fed thinks US economy still needs its help
WASHINGTON — If you didn’t know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong. The unemployment rate is a close-to-healthy 5.8 percent. Inflation...
View ArticleLow inflation likely to keep Fed ‘patient’ about a rate hike
WASHINGTON — The Federal Reserve ended 2014 with a pledge to be “patient” in raising interest rates from record lows. The way things are going, its patience may endure for a long while. Though the...
View ArticleFed: No evidence of deliberate leaks from 2012 meeting
WASHINGTON — An investigation by the Federal Reserve has found no evidence that market-sensitive information was deliberately leaked from its interest-rate policy meeting in September 2012. The Fed...
View ArticleIMF: Fed should delay interest rate hike to 2016
WASHINGTON — The International Monetary Fund urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the U.S. economy remains subpar. In its...
View ArticleFed is likely to delay 1st rate hike in 9 years a bit longer
WASHINGTON (AP) — The Federal Reserve is moving toward raising interest rates from record lows — just not likely yet. On Wednesday, when it ends its latest policy meeting, Fed officials will issue a...
View ArticleTakeaway from Fed meeting: Expect a rate increase this year
WASHINGTON (AP) — Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. A statement the Fed issued...
View ArticleFed vice chair indicates September rate hike still possible
WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer said Friday that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September....
View ArticleWith Fed rate decision looming, stocks head lower
NEW YORK (AP) — The U.S. stock market drifted lower Monday ahead of a much-anticipated Federal Reserve meeting later this week. More signs of slowing economic growth in China weighed on prices for...
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