News

Weak US jobs data challenge Fed’s cautious stance
WASHINGTON: A weaker-than-expected July jobs report is calling into question the US Federal Reserve's (Fed) wait-and-see ...
Latest financial numbers offer some warning signs for economy
It’s possible that the disappointing numbers are growing pains, or they may be a preview of more disruption to come.
In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of ...
Trump urges Fed board to ‘assume control’ if Jerome Powell doesn’t slash rates soon
President Trump took fresh aim at the chairman following the central bank’s decision to keep interest rates unchanged.
Fed spearheads effort to ease 'Basel III endgame' capital requirements, Bloomberg News reports
The Federal Reserve has begun developing a new risk-based capital rule aimed at easing the burden on the largest U.S. banks ...
Fed's Bowman and Waller Explain Why They Voted for Rate Cuts
Federal Reserve governors Michelle Bowman and Christopher Waller favored an interest-rate cut this week because they have ...
Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market ...
Fed's Waller, Bowman Cite Labor Concerns for Dissents
Federal Reserve Governors Christopher Waller and Michelle Bowman expressed concerns that unnecessary damage to the labor ...
Bowman, Waller Explain Their Fed Dissents
Bowman and Waller explained their dissents against the Fed's hold-steady move in separate statements Friday morning. The Trump appointees' votes in favor of rate cuts marked the first time that two ...