Central banking

FILE - In this April 7, 2016, file photo Federal Reserve chair Janet Yellen, left, and former Federal Reserve chairs Ben Bernanke, center, and Paul Volcker, right, react as they listen to former Fed Chair Alan Greenspan appearing via video conference, during a panel discussion in New York. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Kathy Willens, File)
December 09, 2019 - 7:33 am
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy...
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FILE- In this Dec. 5, 2019, file photo trader James MacGilvray works on the floor of the New York Stock Exchange. Stocks are opening mixed on Wall Street on Monday, Dec. 9, as investors weighed the possibility of more U.S. tariffs on China kicking in. (AP Photo/Richard Drew, File)
December 09, 2019 - 7:29 am
NEW YORK (AP) — U.S. stocks wobbled between small gains and losses in early trading Monday as investors waited for the latest updates about trade negotiations and the economy. Wall Street is particularly focused on developments in the trade war ahead of a new round of tariffs on $160 billion of...
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A woman uses ATM outside a bank, as a Lebanese policeman stands guard, in Beirut, Lebanon, Wednesday, Nov. 20, 2019. Lebanon’s worsening financial crisis has thrown businesses and households into disarray. Banks are severely limiting withdrawals of hard currency, and Lebanese say they don’t know how they’ll pay everything from tuitions to insurance and loans all made in dollars. Politicians are paralyzed, struggling to form a new government in the face of tens of thousands of protesters in the streets for the past month demanding the entire leadership go. (AP Photo/Bilal Hussein)
December 04, 2019 - 8:27 am
BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six months it would...
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Pope Francis waves to faithful as he arrives for his weekly general audience, in St. Peter's Square, at the Vatican, Wednesday, Nov. 27, 2019. (AP Photo/Andrew Medichini)
November 27, 2019 - 10:00 pm
VATICAN CITY (AP) — Pope Francis has tapped a Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network. Carmelo Barbagallo has been head of the Italian central...
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FILE - In this Oct. 23, 2019, file photo a worker climbs a ladder as cranes work the construction site for the new corporate headquarters of Norfolk Southern in Atlanta. On Wednesday, Nov. 27, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/David Goldman, File)
November 27, 2019 - 11:05 am
WASHINGTON (AP) — The Federal Reserve says the U.S. economy was expanding at a modest pace in October and early November, supported by growing consumer spending. In its latest assessment of business conditions nationwide, the Fed struck a more upbeat tone than it had in its previous report when it...
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Federal Reserve Board Chair Jerome Powell addresses a round table discussion during a visit to Silver Lane Elementary School, in East Hartford, Conn., Monday, Nov. 25, 2019. Powell and Federal Reserve Bank of Boston President Eric Rosengren toured a working-class neighborhood in East Hartford and met with residents to get a closer look at their challenges. (AP Photo/Steven Senne)
November 25, 2019 - 4:21 pm
Federal Reserve Chairman Jerome Powell is sketching an optimistic view of the economy but signaling that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell says that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 18, 2019. Asian shares are mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. (AP Photo/Lee Jin-man)
November 18, 2019 - 12:37 am
TOKYO (AP) — Global shares were mixed Monday in cautious trading after Wall Street closed the week with new milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. France’s CAC 40 slipped less than 0.1% in early trading to 5,...
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Specialist Dilip Patel, left, and trader Ashley Lara work on the floor of the New York Stock Exchange, Friday, Nov. 15, 2019. Stocks are opening broadly higher on Wall Street as hopes continued to grow that the U.S. and China were moving closer to a deal on trade. (AP Photo/Richard Drew)
November 17, 2019 - 6:31 pm
TOKYO (AP) — Asian shares are mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Japan’s benchmark Nikkei 225 inched up nearly 0.2% to 23,344.06...
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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. The Federal Reserve cut rates for the third time this year. (AP Photo/Susan Walsh)
November 13, 2019 - 8:47 am
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): 11:45 a.m. Federal Reserve Chairman Jerome Powell says that the unemployment rate, already near a 50-year low, could drop...
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In this Tuesday, Nov. 5, 2019, photo, a woman walks by an electronic stock board of a securities firm in Tokyo. Asian stock markets were mixed Wednesday, Nov. 6, 2019, after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. (AP Photo/Koji Sasahara)
November 06, 2019 - 1:17 am
BEIJING (AP) — Global stock markets were mostly higher Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to lift punitive tariffs. Germany and Paris opened higher and London was unchanged. Tokyo rose while Shanghai...
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