Wednesday, May 20, 2026
Today's Print

Tag: Federal Reserve

Fed’s Powell allays inflation fears, vows to keep rates low

Washington—Federal Reserve Chairman Jerome Powell attempted to tamp down rising inflation concerns, and again on Tuesday pledged to keep benchmark lending rates low until...

Fed’s Powell warns United States ‘very far’ from strong labor market

WASHINGTON—The US economy is a long way from having a strong job market and the experience of past recessions shows it could take years...

Yellen requests regulatory meeting after wild trading

WASHINGTON—US Secretary Treasury Janet Yellen has requested a meeting with financial regulatory authorities to discuss recent market volatility following a social-media-fueled buying frenzy over...

Little change expected as Fed finishes first meeting

Washington—The Federal Reserve will on Wednesday conclude its first  meeting since US President Joe Biden took office, and while the central bank is certain to...

Fed may convey optimism on US economy despite stimulus deadlock

After a year in which the Federal Reserve pushed out unprecedented lending to support the economy while pleading for government stimulus that never came,...

US economic suffering may grow without stimulus – Fed

Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its...

Asia markets drop after virus woes hammer Wall St, Europe

Asian markets fell Tuesday following a sharp sell-off in New York and Europe that was fuelled by fears a coronavirus resurgence will force fresh...

Fed seeks to offer reassurance amid stimulus package

Washington—Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the coronavirus downturn as it...

Asian markets on front foot as vaccine hopes get boost

Asian markets pushed higher Monday as investors creep back after a recent sell-off, with coronavirus vaccine hopes given a boost and traders looking ahead...

Asian stock marts reverse morning rally; Tokyo climbs

Hong Kong, China—Asian markets fell Monday as investors struggled to maintain their early momentum following another record lead from Wall Street. Profit-taking kicked in after...

Most Asian stocks climb on low Fed interest rates

Hong Kong, China—Expectations that US interest rates will stay ultra low for as long as needed helped lift most Asian equities on Friday but...

Federal Reserve unveils major policy shift to maximize employment growth

Washington—The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the...

Asian markets sink as grim US data reinforces virus problems

Hong Kong, China—Asian markets struggled and the dollar extended losses Friday as data showing the US suffered its worst quarter on record highlighted the...

US Fed opens meeting amid low confidence of consumers

Washington"•The US central bank opened a two-day policy meeting on Tuesday amid signs of waning consumer confidence and with Congress locked in debate over...
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