Central banking

Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 10, 2019. Asian shares were mostly higher Wednesday in cautious trading ahead of closely watched congressional testimony by the U.S. Federal Reserve chairman. (AP Photo/Eugene Hoshiko)
July 10, 2019 - 2:42 am
TOKYO (AP) — Global shares were mixed Wednesday in cautious trading ahead of closely watched congressional testimony by the chairman of the U.S. Federal Reserve, Jerome Powell. France's CAC 40 inched up less than 0.1% to 5,573.88 in early trading. Germany's DAX lost less than 0.1% to 12,431.43,...
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FILE - In this May 1, 2019, file photo traders Peter Mancuso, left, and Robert Arciero work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 9. (AP Photo/Richard Drew, File)
July 09, 2019 - 7:18 am
Technology and industrial companies helped pull stocks lower on Wall Street in early trading Tuesday, extending losses from a day earlier. The broad slide marked the third straight day that the market has opened lower, pulling back after a run of record highs last week. Investors have turned...
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An investor walks in front of stock trading boards at a private market gallery in Kuala Lumpur, Malaysia, Tuesday, July 9, 2019. Asian shares mostly fell Tuesday in quiet trading as investors waited for signs on what might be ahead for U.S. interest rates. (AP Photo/Vincent Thian)
July 08, 2019 - 11:53 pm
TOKYO (AP) — Asian shares were mostly lower Tuesday in quiet trading as investors awaited signs of what might be ahead for U.S. interest rates. Japan's benchmark Nikkei 225 inched up 0.1% to finish at 21,565.15, while Australia's S&P/ASX 200 dipped 0.1% to 6,665.70. South Korea's Kospi lost 0.6...
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Trader Peter Tuchman works on the floor of the New York Stock Exchange, Monday, July 8, 2019. Stocks fell on Wall Street in morning trading Monday amid growing speculation among investors that unexpectedly strong U.S. employment data may keep the Federal Reserve from aggressively cutting interest rates. (AP Photo/Richard Drew)
July 08, 2019 - 2:02 pm
Technology and health care companies drove U.S. stocks to a lower finish Monday as the market fell for a second straight day following a run of record highs. The selling came amid growing speculation on Wall Street that an unexpectedly strong pickup in U.S. employment growth last month may keep the...
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In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 12:58 am
ANKARA, Turkey (AP) — The Turkish lira has dropped by around 2% against the dollar after President Recep Tayyip Erdogan fired the central bank governor reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat Uysal, the central bank's deputy governor, in a...
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A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 07, 2019 - 10:23 pm
BEIJING (AP) — Asian stocks tumbled Monday after unexpectedly strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, South Korea and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth...
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A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 07, 2019 - 8:38 pm
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a...
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July 06, 2019 - 2:18 am
ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn. Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday. President Recep Tayyip Erdogan has the authority to make such appointments,...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, says she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview on Friday, July 5, 2019, Shelton sought to align her past criticism of the Fed’s record low interest rates during the Obama administration with the current attacks by Trump on Fed rate hikes.(AP Photo/Andrew Harnik, File)
July 05, 2019 - 1:16 pm
WASHINGTON (AP) — Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, said on Friday she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview, Shelton sought to align her past criticism of the Fed's...
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July 05, 2019 - 8:05 am
WASHINGTON (AP) — The Federal Reserve repeats its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest rates. The Fed's statement on interest...
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