Tag: Monetary policy

Fed chief Powell: Climate policy is for elected officials

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FRANKFURT, Germany — Federal Reserve Chair Jerome Powell says the central bank can help assess risks to banks from climate change but that addressing...

Turkish lira dips to record low over Erdogan rate comments

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ANKARA, Turkey — The Turkish lira dipped to new record lows on Wednesday after President Recep Tayyip Erdogan rattled investor confidence by saying he...

China’s central bank tries to stop surge in currency’s value

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BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...

SEC says group illegally raised $2B in crypto offering

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WASHINGTON — Federal regulators have accused a group of people of promoting a securities offering tied to digital currency that raised over $2 billion...

High inflation? A generation of investors has never felt it

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NEW YORK — The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic...

Fed officials in April cautioned about inflation pressures

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WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...

Facebook-backed digital currency project Diem shifts to US

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A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S. and...

Top Fed official says Fed far from achieving its goals

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WASHINGTON — A top Federal Reserve official says the outlook for the U.S. economy is bright but the recent jobs report is a reminder...

Yellen: Biden’s phased-in spending plan won’t fuel inflation

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WASHINGTON — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in...

Powell’s high-stakes bet: More jobs but only mild inflation

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WASHINGTON — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble. ...