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United Kingdom

Jonathan Spicer

Fed's Brainard says balance sheet trimming should end this year

14 Feb 2019

The U.S. Federal Reserve should stop paring its balance sheet by the end of this year, Governor Lael Brainard said on Thursday, suggesting the Fed could wind up with a permanently bigger balance sheet than had been expected even a few months ago.

Newly patient Fed still set to hike rates in 2019, 2020: Harker

13 Feb 2019

The U.S. Federal Reserve's new "wait and see" policy approach will still probably lead to one interest-rate hike before year end, and another in 2020, a top Fed official said on Wednesday.

Red flags emerge as Americans' debt load hits another record

12 Feb 2019

NEW YORK Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon.

Fed's Quarles sees 2019 as an 'interim' year for bank stress tests

07 Feb 2019

NEW YORK - U.S. bank stress tests conducted during an "interim" period this year will help the Federal Reserve decide what permanent changes to make to the closely followed examinations, the Fed's point person on financial supervision Randal Quarles said on Wednesday.

Fed backs Bangladesh as cyber-heist lawsuit kicks off

02 Feb 2019

NEW YORK The Federal Reserve will lend a hand to Bangladesh's central bank as it sues to recoup losses from one of the world's largest cyber heists, even while the Philippine bank targeted by the lawsuit on Friday called it baseless and beyond U.S. jurisdiction.

Powell faces early reckoning on Fed's $4-trillion question

29 Jan 2019

NEW YORK/SAN FRANCISCO Federal Reserve Chairman Jerome Powell has a problem: how to explain that the Fed may soon begin to taper its ongoing asset-shedding operation without looking like he's hunkering down for a coming recession, or caving to U.S. President Donald Trump.

Fed's Powell again stresses patience as U.S. economy's 'narrative' unfolds

11 Jan 2019

WASHINGTON Federal Reserve Chairman Jerome Powell on Thursday stressed again that the U.S. central bank can be patient in approving any further rate increases as officials gauge whether the U.S. economy will slow this year, as some in financial markets worry, or continue motoring ahead as the Fed itself expects. | Video

Fed's No. 2 says U.S. policy would react if 'crosswinds' persist

11 Jan 2019

NEW YORK The Federal Reserve should be prepared to adjust its policy to protect the U.S. economy from any sustained pressure from a global economic slowdown and volatility in financial markets, the Fed's second-in-command said on Thursday.

Fed's No. 2 says U.S. policy would react if 'crosswinds' persist

11 Jan 2019

NEW YORK The Federal Reserve should be prepared to adjust its policy to protect the U.S. economy from any sustained pressure from a global economic slowdown and volatility in financial markets, the Fed's second-in-command said on Thursday.

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