Central banking

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. President Donald Trump said Wednesday, April 10, 2019, that Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board. (AP Photo/Molly Riley, File)
April 11, 2019 - 3:08 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell declined to say Thursday whether he thinks his chamber would confirm Herman Cain to join the Federal Reserve board, casting doubt on the former Republican presidential candidate's prospects should President Donald Trump advance him for the...
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FILE- In this March 20, 2019, file photo Federal Reserve Chair Jerome Powell listens to a reporter's question during a news conference in Washington. On Wednesday, April 10, the Federal Reserve releases minutes from its March meeting when it left rates unchanged. (AP Photo/Susan Walsh, File)
April 10, 2019 - 11:27 am
WASHINGTON (AP) — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed's benchmark policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to...
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FILE- In this Feb. 12, 2019, file photo specialist Patrick King, left, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, April 10. (AP Photo/Richard Drew, File)
April 10, 2019 - 10:44 am
U.S. stocks moved broadly higher in afternoon trading Wednesday on Wall Street, reversing course from a downturn a day earlier that ended an eight-day winning streak. Technology and health care companies led the gains. Microsoft rose 0.5% and Cisco systems added 0.7%. Drug developer Gilead Sciences...
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April 10, 2019 - 8:57 am
WASHINGTON (AP) — President Donald Trump says that former GOP presidential candidate Herman Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board. Asked by reporters Wednesday if the nomination was safe,...
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April 10, 2019 - 5:44 am
WASHINGTON (AP) — U.S. consumer prices climbed 0.4% in March, an increase caused mostly by higher costs for gasoline, electricity and shelter. The Labor Department said Wednesday that the consumer price index rose a healthy 1.9% last month from a year ago, a sharp jump from the annual pace of 1.5%...
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FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 3:10 pm
WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...
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April 05, 2019 - 6:54 am
WASHINGTON (AP) — The Latest on Friday's jobs report (all times local): 9:45 a.m. Economists say solid hiring and modest wage gains in Friday's jobs report for March probably aren't enough to change the Federal Reserve's current plans to hold off on additional interest rate hikes. Fed officials as...
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April 05, 2019 - 3:36 am
MOSCOW (AP) — A small Russian bank owned by former U.S. congressman Charles Taylor has been stripped of its license after allegedly breaking anti-money laundering rules. Russia's central bank says that Commercial Bank of Ivanovo committed "numerous" breaches of anti-money laundering legislation and...
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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 04, 2019 - 2:36 pm
WASHINGTON (AP) — President Donald Trump said Thursday he is recommending Herman Cain, a political ally and former presidential candidate, for a seat on the Federal Reserve board. "I've told my folks that's the man," Trump told reporters in the Oval Office, saying that Cain is currently going...
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Reserve Bank of India Governor Shaktikanta Das smiles during a press conference to announce the first bi monthly monetary policy in Mumbai, India, Thursday, April 4, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6% to strengthen domestic growth ahead of a national election next week. (AP Photo/Rajanish Kakade)
April 04, 2019 - 4:56 am
NEW DELHI (AP) — India's central bank cut its key interest rate by a quarter of a percentage point to 6% on Thursday, moving to prop up economic growth ahead of a national election next week. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates...
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