Monetary policy

An employee of a currency exchange shop uses his mobile outside the shop in a market in Istanbul, Wednesday, May 23, 2018. Turkey's currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. (AP Photo/Lefteris Pitarakis)
May 23, 2018 - 1:08 pm
ANKARA, Turkey (AP) — Turkey's currency recouped losses Wednesday following an emergency central bank meeting that increased the lending rate by three base points. The lira had fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to...
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FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged on Tuesday, May 15, to support the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank’s independence. (AP Photo/Andrew Harnik, File)
May 15, 2018 - 4:30 pm
WASHINGTON (AP) — Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged support Tuesday for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence. Clarida, an...
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This May 3, 2017 file photo shows bananas for sale at a Whole Foods Market in Upper Saint Clair, Pa. U.S. wholesale prices edged up just 0.1 percent in April 2018 held down by a big drop in food costs. It was the smallest gain in four months. The April increase in the Labor Department’s producer price index, which measures inflation pressures before they reach consumers, followed a 0.3 percent rise in March, the government reported Wednesday, May 9. (AP Photo/Gene J. Puskar)
May 10, 2018 - 11:34 am
WASHINGTON (AP) — American drivers paid more for gas, but overall consumer prices rose only modestly in April, a sign that inflation remains mild. The modest pace of consumer inflation may send a reassuring signal to the Federal Reserve, which is considering how quickly to raise interest rates this...
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Mark Carney, Governor of the Bank of England, addresses the media during the quarterly Inflation Report press conference in London, Thursday, May 10, 2018. Carney said the Bank of England has pulled back from a predicted rate hike, blaming some weaker than expected growth and inflation data. (AP Photo/Frank Augstein, pool)
May 10, 2018 - 10:10 am
LONDON (AP) — Just weeks after hinting it would raise interest rates, the Bank of England held off doing so Thursday, arguing it was best to wait after an unexpected spell of wintry weather hurt economic growth. The bank's Monetary Policy Committee voted 7-2 to keep the main interest rate at 0.5...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday, May 8, 2018. (AP Photo/Carolyn Kaster, File)
May 08, 2018 - 3:59 am
WASHINGTON (AP) — Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday. In remarks prepared for a financial conference in Zurich, Powell said...
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May 04, 2018 - 6:14 pm
WASHINGTON (AP) — With steady growth, low unemployment and tame inflation, the U.S. is experiencing a "Goldilocks" economy: Not too hot. Not too cold. But just right. So says a top Federal Reserve official, who on Friday suggested that the unemployment rate could fall further to 3.5 percent with...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, May 3, 2018. Asian stock markets were mostly lower Thursday as investors analyzed the Fed's latest decision and turned their focus to upcoming talks between U.S. and Chinese officials in Beijing aimed at resolving simmering trade tensions. (AP Photo/Kin Cheung)
May 03, 2018 - 4:55 am
HONG KONG (AP) — World stock markets were mixed on Thursday as investors analyzed the Fed's decision to keep interest rates unchanged and kept an eye out for developments from China-U.S. trade talks in Beijing. KEEPING SCORE: European shares slipped in early trading. France's CAC 40 lost 0.3...
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Trader Greg Mulligan works on the floor of the New York Stock Exchange, Wednesday, May 2, 2018. Stocks are opening moderately lower as Wall Street reacts to another big round of company earnings. (AP Photo/Richard Drew)
May 02, 2018 - 10:42 pm
HONG KONG (AP) — Asian stock markets were mostly lower Thursday as investors analyzed the Fed's decision to stand pat on interest rates. The focus was turning to talks beginning Thursday between U.S. and Chinese officials in Beijing aimed at resolving festering trade tensions. KEEPING SCORE: Hong...
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FILE - In this Thursday, Dec. 14, 2017 file photo, President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. Weaker signals from the economy and worries about a trade war between the United State and China mean the European Central Bank is in no hurry at all to start withdrawing its monetary stimulus efforts. And that means markets and consumers will have to live with central bank interest rates at zero and in some cases below for a good while yet. (AP Photo/Michael Probst, file)
April 26, 2018 - 7:56 am
FRANKFURT, Germany (AP) — The European Central Bank has left its key interest rates and stimulus settings unchanged as it sizes up conflicting signs about how well the economy is doing in the 19 countries that use the euro. Markets are waiting to hear bank President Mario Draghi's assessment at a...
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FILE - In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. The Trump administration has once again declined to brand China a currency manipulator, but it did target that country and five others for special monitoring for what the administration says are practices that are worsening America's trade deficit. (AP Photo/Andy Wong, File)
April 13, 2018 - 6:53 pm
WASHINGTON (AP) — The Trump administration has once again declined to brand China a currency manipulator, but it did target that country and five others for special monitoring for what the administration says are practices that are worsening America's trade deficit. In a report it must issue every...
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