WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Thursday that he would shield President Donald Trump's tax returns from Congress, during remarks that could signal the administration's approach to an expected request from congressional Democrats.
WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Thursday that he would shield President Donald Trump's tax returns from Congress, during remarks that could signal the administration's approach to an expected request from congressional Democrats. | Video
WASHINGTON The Fed's policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them.
WASHINGTON The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing. | Video
The Federal Reserve on Wednesday signalled they will soon lay out a plan to stop letting go of $4 trillion (3 trillion pounds) in bonds and other assets, but policymakers are still debating how long their newly adopted "patient" stance on U.S. rates policy will last. | Video
NEWARK, Del. The U.S. Federal Reserve may need to raise interest rates in 2019 but it could still end its efforts to trim its massive bond portfolio before the end of the year, Cleveland Federal Reserve President Loretta Mester said on Tuesday.
WASHINGTON A sharp drop in demand for U.S. auto and credit card loans could point to a troubling answer to a question vexing economists in recent weeks: Are consumers poised to pull back despite surging job growth?
Virginia Governor Ralph Northam on Saturday resisted mounting pressure from his Democratic party that he resign, denying that he appeared in a racist yearbook photo while admitting he once wore blackface in a dance contest. | Video
WASHINGTON The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations. | Video
WASHINGTON A range of Federal Reserve policymakers said last month they could be patient about future interest rate increases and a few did not support the central bank's rate increase that month, minutes from their Dec. 18-19 policy meeting showed.