The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
U.S. President Donald Trump said on Friday he would not attempt to stop Federal Reserve Chairman Jerome Powell if he offered his resignation. Reuters - Published
Donald Trump once accused the Federal Reserve of not having a "feel" for the market and compared Federal Reserve Chair Jerome Powell to a golfer who can't putt, but on Friday it was the U.S. president.. Reuters - Published
Wall Street tumbled Friday after the U.S.-China trade war escalated sharply, with President Donald Trump demanding that U.S. companies seek alternatives to doing business with China after Beijing..
Kramer Capital Research's Hilary Kramer tells Reuters' Fred Katayama Fed Chair Jerome Powell's speech at the Jackson Hole symposium Friday isn't likely to trigger a big runup in stocks.
European shares traded close to flat on Thursday as upbeat surveys on Germany and the euro zone offset signs that U.S. policymakers had not intended to start a cycle of interest rate cuts with last..
Federal Reserve Chairman Jerome Powell delivers a closely-watched speech this week amid mounting pressure to signal more rate cuts are in the works to avoid a recession. Conway G. Gittens reports.
Car industry shares drove a rebound in European stock markets on Wednesday, helped by an Italian newspaper report suggesting merger talks between Fiat Chrysler and Renault have gained some traction in..
Investors will be glued to the Jackson Hole central bankers gathering and earnings reports from more retailers in the week ahead on Wall Street. Fred Katayama reports.
U.S. stocks rebounded Friday as an ebbing bond rally brought buyers back to equities, but major indexes still ended the week with losses. Fred Katayama reports.
President Donald Trump routinely blames the Federal Reserve for putting the U.S. economy at risk. However, Fed Chair Jerome Powell insists the data shows an economy is in “reasonably good” shape...
U.S. stocks clawed back Wednesday after plummeting early - as investors rushed to the safe haven of the bond market amid fears the U.S.-China trade war would aggravate an already slowing global..
On Wall Street, the Dow Jones Industrial Average opened more than 500 points lower as President Trump continued to slam China on trade. Havovi Cooper reports.
Wall Street extended its sell-off Friday amid renewed trade fears, capping a week where the S&P 500 index and the Nasdaq saw their worst weekly percentage plunges since December. Fred Katayama reports.
European shares tracked lower after the U.S. Fed dampened hopes of future rate cuts. But as David Pollard reports, the day was dominated by a torrent of earnings reports from some of continent's..
SYDNEY (Reuters) - Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market..
SYDNEY (Reuters) - Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a..
The Federal Reserve delivered a quarter-percentage point rate cut, the central bank's first rate ease since the financial crisis more than 10 years ago but Fed Chief Jerome Powell declined whether to..
The US Federal Reserve is expected to lower borrowing costs this week for the first time since the depths of the Great Recession. It could inaugurate a series of quarter-percentage-point interest rate..
The Federal Reserve has sent clear signals it intends to cut interest rates Wednesday, but questions linger regarding how deep the cut will be and if the Fed will signal a readiness to lower rates in..
Investors will focus on a Fed rate decision, the jobs report, and the latest results from Apple. Fred Katayama takes a look at the week ahead in the U.S. business world.
The U.S. economy surprised to the upside in the second quarter, growing at an annualized 2.1 percent rate thanks to the strongest measure of consumer spending in 2-1/2 years. The data lower the chance..
President Donald Trump attacked the Federal Reserve once again, criticizing its policy decisions. Trump said the U.S. is “needlessly being forced to pay a MUCH higher interest rate than other..
Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from.. Reuters - Published
Wall Street plunged in a broad sell-off on Friday as China and the United States traded their latest salvos in a prolonged trade war, spooking investors and erasing slight gains following a generally.. Reuters - Published
The Federal Reserve ought to adopt a monetary policy rule to guide its interest-rate-setting decisions in part as a bulwark against a near daily barrage of presidential criticism, a widely respected.. Reuters - Published
President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell linked the trade war with China to risks to the U.S. economy, asking whether the man he handpicked to run.. Reuters - Published
The Federal Reserve will "act as appropriate" to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from.. Reuters - Published
President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell spoke about the trade war with China and economic risks to the United States, asking whether his appointee.. Reuters - Published
The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave.. Reuters - Published
The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave.. Reuters - Published
The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave.. Reuters - Published
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver.. Reuters - Published
Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors' worries over slowing global growth. Reuters - Published
When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will comb through his remarks for clues on whether the U.S. central bank will deliver more rate cuts this.. Reuters - Published
Asian shares struggled to make any headway on Friday as weak U.S. manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates added to the general air of caution in.. Reuters - Published
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair.. Reuters - Published
An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the.. Reuters - Published
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair.. Reuters - Published
The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. Reuters - Published
The benchmark S&P 500 and the Nasdaq fell on Thursday after weak U.S. manufacturing data raised concerns about the health of the economy, with comments from Fed officials dampening hopes of future.. Reuters - Published
Federal Reserve Chair Jerome Powell comes to this year's meeting of central bankers in Jackson Hole, Wyoming, caught between discord within the U.S. central bank over appropriate monetary policy and.. Reuters - Published
President Donald Trump said U.S. economic growth could be record-setting if the Federal Reserve would only lower interest rates further, as reports on Thursday painted a decidedly mixed picture of the.. Reuters - Published
U.S. stocks rose broadly on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Federal Reserve Chief Jerome Powell's speech for more clues.. Reuters - Published
U.S. stocks opened higher on Thursday, as strong results from retailers including Nordstrom reinforced confidence in consumer demand, while investors look ahead to Fed Chief Jerome Powell's speech for.. Reuters - Published
Share markets slipped on Thursday as uncertainty over the outlook for U.S. interest rate cuts left investors on edge, with the release of minutes from the Federal Reserve's last policy meeting exposing.. Reuters - Published
Asian shares drifted off on Thursday as uncertainty over the outlook for both U.S. interest rates and the chance of global fiscal stimulus sucked the life out of markets. Reuters - Published
The one thing Federal Reserve officials were in broad agreement about at their last meeting was this: to not tip their hands about what happens next. Reuters - Published
Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to.. Reuters - Published
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed.. Reuters - Published
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and stocks held gains after minutes from the Federal Reserve's meeting last.. Reuters - Published
The Federal Reserve debated cutting interest rates more aggressively at its July meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts,.. Reuters - Published
Wall Street's main indexes rose about 1% on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed.. Reuters - Published
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. Reuters - Published
U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy. Reuters - Published
U.S. stocks opened higher on Wednesday, as strong results from Lowe's and Target boosted retailers, while investors awaited minutes from the Federal Reserve's July policy meeting due later in the day. Reuters - Published
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the.. Reuters - Published
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