US Federal Reserve System

U.S. keeps ultra-low interest rate policies in place

The U.S. Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding to the U.S. economy's growing strength but giving no sign it was ready to reduce its support for the recovery. The Fed …

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Europe struggles to defend itself against dollar

Despite warm words from Biden, U.S. secondary sanctions against Iran, Russia and others punish European companies and prompt new calls for strategic autonomy, The New York Times writes. The new Biden administration is making nice with the European Union, talking of renewed cooperation and suspending retaliatory tariffs stemming from an old dispute between Airbus and Boeing

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Fed's Kashkari: U.S. recovery to be bumpy and muted

With cases of Covid-19 likely to resurge, at least in some parts of the country, the U.S. economic recovery will be neither smooth nor strong, Minneapolis Federal Reserve Bank President Neel Kashkari said. "My base-case …

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Trump blasts Fed for being 'wrong so often'

U.S. President Donald Trump launched his first attack against the Federal Reserve in months, taking issue with the central bank’s subdued economic forecast. "The Federal Reserve is wrong so often," Trump wrote on …

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U.S. Fed keeps base interest rate at 0-0.25%

The U.S. Federal Reserve System acting as the national central bank has kept the base interest rate at the level of 0-0.25% as expected by the market, the Federal Open Market Committee (FOMC) said after the meeting. "The …

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U.S. Fed slashes rates to cushion coronavirus blow

The U.S. Federal Reserve and global central banks moved aggressively to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to 0.25%. The Fed lowered the primary credit rate by …

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U.S. Fed chair comments on emergency cut to interest rates

The U.S. Federal Reserve cut interest rates yesterday in a bid to shield the world’s largest economy from the impact of the coronavirus, but the emergency move failed to comfort U.S. financial markets roiled by worries about a deeper, …

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U.S. Fed leaves interest rates unchanged

The U.S. Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation. Concluding a year that saw the central bank take down its …

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Former U.S. Fed Chief Paul Volcker passes away

Former U.S. Federal Reserve chairman credited with bringing down sky-high U. S. inflation in the early 1980s, Paul Volcker, died on Monday at the age of 92, according to his daughter Janice Zima. Volcker served as …

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U.S. Fed cuts interest rates

The U.S. Federal Reserve cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the …

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Trump: U.S. economy problem is not China, but Fed

U.S. President Donald Trump said the U.S. Federal Reserve, not his trade standoff with China, was to blame for recent signs of economic weakness. Trump noted that "companies and jobs are fleeing" China, prices …

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U.S. Fed Chairman comments on rate cut

U.S. Federal Reserve Chairman Jerome Powell said the central bank’s rate cut approved yesterday was part an ongoing move to adjust to economic conditions though no guarantee of future cuts. The Fed voted to reduce …

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