Central banking

People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Monday, April 29, 2019. Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve’s update on its U.S. interest rate outlook. (AP Photo/Kin Cheung)
April 28, 2019 - 8:55 pm

Asian stocks mixed after new Wall Street highs

BEIJING (AP) — Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook. Benchmarks in Hong Kong and Seoul advanced, while Shanghai and Sydney declined. Japanese markets were closed for a holiday...
Read More
A man looks at an electronic board displaying stock prices at a brokerage house in Beijing, Wednesday, April 24, 2019. Shares were mostly lower in Asia on Wednesday despite the S&P 500’s all-time record high close the day before. (AP Photo/Andy Wong)
April 23, 2019 - 11:46 pm

Asian markets lower after S&P 500, Nasdaq hit record highs

BANGKOK (AP) — Major share benchmarks were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam. Japan's Nikkei 225 index lost 0.3% to 22,000.00 and the Hang Seng in Hong Kong fell 0.5% to 29,825.03. The Shanghai...
Read More
FILE - In this March 12, 2019, file photo, trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File)
April 23, 2019 - 4:54 pm

S&P 500, Nasdaq close at record highs as earnings roll in

The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
Read More
Federal Reserve Board Chair Jerome Powell accompanied by his security detail, leaves after attending a G20 meeting at the World Bank/IMF Spring Meetings in Washington, Thursday, April 11, 2019. (AP Photo/Jose Luis Magana)
April 23, 2019 - 4:15 pm

Writings on gender issues magnify scrutiny of Trump Fed pick

WASHINGTON (AP) — Additional provocative commentaries about women written by Stephen Moore, President Donald Trump's pick for the Federal Reserve board, emerged Tuesday, a day after a second White House Fed choice withdrew from consideration. In a column for the Washington Times, Moore wrote in...
Read More
FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. Trump says Herman Cain withdraws from consideration for Fed seat amid focus on past allegations. (AP Photo/Molly Riley, File)
April 22, 2019 - 3:05 pm

A Trump Fed choice steps aside, and another faces new doubts

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken...
Read More
National security adviser John Bolton gestures while discussing administration new policy during a speech, Wednesday, April 17, 2019, in Coral Gables, Fla., at the Bay of Pigs Veterans Association on the 58th anniversary of the United States' failed 1961 invasion of the island, an attempt to overthrow the Cuban government. The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed the "three stooges of socialism." (AP Photo/Wilfredo Lee)
April 17, 2019 - 12:28 pm

The Latest: US sanctions on Venezuelan bank aimed at Maduro

WASHINGTON (AP) — The Latest on the Trump administration's position on Cuba (all times local): 2:15 p.m. The U.S. says it's imposing sanctions on the Central Bank of Venezuela. The Trump administration says the bank has been instrumental in propping up the government of Venezuela's president,...
Read More
FILE - In this March 26, 2019 file photo, an evening commuter is silhouetted against the glistening New York City skyline at sunset as he walks along Hudson River shoreline in Jersey City, N.J. On Wednesday, April 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/J. David Ake, File)
April 17, 2019 - 11:09 am

Fed survey finds economy expanding at moderate pace

WASHINGTON (AP) — The Federal Reserve says the economy was expanding at a "slight-to-moderate pace" in March and early April, with some regions seeing signs of strengthening after a winter slowdown. In its latest report on economic conditions around the country, the Fed says that the reports on...
Read More
File-This April 9, 2019, file photo shows Treasury Secretary Steven Mnuchin testifying before a House Appropriations subcommittee during a hearing on President Trump's budget request for Fiscal Year 2020, in Washington. Mnuchin said Monday, April 15, 2019, that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed. Mnuchin was asked about Trump’s tweet Sunday that if the Fed had done its job properly, the stock market would be 5,000 to 10,000 points higher and overall growth would have been “well over” 4% last year instead of 3%. (AP Photo/Patrick Semansky, File)
April 15, 2019 - 1:57 pm

Mnuchin says Fed independence is important globally

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve's independence is important globally, while refusing to comment on President Donald Trump's latest attack on the Fed. Mnuchin was asked about Trump's tweet Sunday that if the Fed had done its job properly, the...
Read More
International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 13, 2019 - 9:44 pm

Finance officials pledge cooperation, but tensions persist

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation...
Read More
Japan's Finance Minister Taro Aso, speaks during a G20 news conference, at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 12, 2019 - 12:58 pm

Leading finance officials acknowledge global slowdown

WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of...
Read More

Pages