Regional banking

FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. Judy Shelton, President Donald Trump's nominee to the Federal Reserve touted her credentials in written testimony Thursday, Feb. 13, 2020, and said she would “work collegially” if approved. She will likely face tough questioning by the Senate Banking Committee Thursday, which is considering her nomination. (AP Photo/Andrew Harnik, File)
February 13, 2020 - 12:17 pm
WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell attends a panel at the Federal Reserve Board Building in Washington. On Wednesday, Oct. 9, the Federal Reserve releases minutes from its September meeting when it cut interest rates for a second time this year. (AP Photo/Jacquelyn Martin, File)
October 09, 2019 - 11:33 am
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this year, a split that indicates the path forward for future rate cuts remains cloudy. Minutes of the discussion at the September meeting released Wednesday...
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This Thursday, Oct. 16, 2014 file photo shows President and CEO of the Federal Reserve Bank of Boston Eric Rosengren in Chelsea, Mass. Rosengren,s who opposed the September 2019 quarter-point rate cut, says that the additional stimulus was not needed. (AP Photo/Michael Dwyer)
September 20, 2019 - 9:36 am
WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 06, 2019 - 2:43 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion." Powell gave an upbeat view of the U.S...
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President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
August 27, 2019 - 3:41 pm
WASHINGTON (AP) — A former top Federal Reserve official suggested Tuesday that the Fed avoid responding to the effects of President Donald Trump's trade war with China and even consider how its actions might affect Trump's re-election prospects — an argument that drew an unusual rejection from the...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. President Donald Trump says on Twitter he will nominate economists Christopher Waller and Judy Shelton to fill two vacancies on the Federal Reserve Board of Governors. (AP Photo/Andrew Harnik, File)
July 02, 2019 - 6:37 pm
WASHINGTON (AP) — President Donald Trump, who has criticized the Federal Reserve for not cutting interest rates, said Tuesday that he intends to nominate two economists to fill influential positions on the central bank's Board of Governors. Trump said he would name to the board Christopher Waller,...
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FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. Trump says Herman Cain withdraws from consideration for Fed seat amid focus on past allegations. (AP Photo/Molly Riley, File)
April 04, 2019 - 2:36 pm
WASHINGTON (AP) — President Donald Trump said Thursday he is recommending Herman Cain, a political ally and former presidential candidate, for a seat on the Federal Reserve board. "I've told my folks that's the man," Trump told reporters in the Oval Office, saying that Cain is currently going...
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FILE - In this Nov. 14, 2018 file photo, the shadow of a worker falls on a fence at the construction site of a convenience store in Victorville, Calif. On Wednesday, Jan. 16, 2019, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet next. (James Quigg/The Daily Press via AP, File)
January 16, 2019 - 1:41 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday business contacts in many regions of the country are expressing less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the...
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FILE- In this July 18, 2018, file photo Federal Reserve Board Chair Jerome Powell put on his glasses while testifying during a House Committee on Financial Services hearing on Capitol Hill in Washington. Powell gives the keynote address Friday, Aug. 24, at an annual conference of central bankers in Jackson Hole, Wyo. (AP Photo/Jacquelyn Martin, File)
August 23, 2018 - 1:12 pm
WASHINGTON (AP) — A top Federal Reserve official said Thursday that she favors two more interest rate increases this year despite complaints from President Donald Trump that the Fed's continuing rate hikes risk slowing the U.S. economy. Esther George, president of the Fed's Kansas City regional...
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