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Lindsay Dunsmuir

Fed's Powell: No 'booming' in U.S. economy that threatens to go bust

14 Nov 2019

WASHINGTON Federal Reserve Chair Jerome Powell on Thursday said the risk of the U.S. economy facing a dramatic bust is remote, partly because the record-long expansion is notable for not having pockets of overheating activity.

Fed's Powell: No 'booming' in U.S. economy that threatens to go bust

14 Nov 2019

WASHINGTON Federal Reserve Chair Jerome Powell on Thursday said the risk of the U.S. economy facing a dramatic bust is remote, partly because the record-long expansion is notable for not having pockets of overheating activity.

Fed considering number of tools in event of downturn, Clarida says

14 Nov 2019

WASHINGTON The U.S. Federal Reserve is looking at any additional methods that may be useful in the event of a downturn which forces the central bank to lower rates back near zero, Federal Reserve Vice Chair Richard Clarida said on Thursday.

Fed chief Powell pushes back on negative interest rates

13 Nov 2019

WASHINGTON U.S. Federal Reserve Chair Jerome Powell on Wednesday pushed back against a favourite talking point of President Donald Trump's, telling Congress that the negative interest rates sought by Trump aren't appropriate for a U.S. economy with ongoing growth, a strong labour market and steady inflation. | Video

Fed's Powell says 'sustained expansion' likely for U.S. economy

13 Nov 2019

WASHINGTON, Nov 13 U.S. central bankers see a "sustained expansion" ahead for the country's economy, with the full impact of recent interest rate cuts still to be felt and low unemployment boosting household spending, Federal Reserve Chair Jerome Powell said on Wednesday in remarks that brushed aside any worries of a looming slowdown.

A 'green interest rate?' Fed digs into climate change economics

08 Nov 2019

SAN FRANCISCO/NEW YORK In their deliberations on monetary policy, Federal Reserve policymakers need to consider many factors, but up to now, climate change has not been one of them.

Fed's Evans: U.S. economy in 'good place,' but watching inflation

06 Nov 2019

NEW YORK The U.S. economy is in a good place but the path of inflation will be important in deciding the future path of interest rates, Chicago Federal Reserve President Charles Evans said on Wednesday.

UPDATE 1-Fed's Evans: U.S. economy in "good place," but watching inflation

06 Nov 2019

NEW YORK, Nov 6 The U.S. economy is in a good place but the path of inflation will be important in deciding the future path of interest rates, Chicago Federal Reserve President Charles Evans said on Wednesday.

U.S. Fed cuts interest rates, signals it is on hold

31 Oct 2019

WASHINGTON The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the worse. | Video

For Fed Chair Powell, blunt is the 'appropriate' approach

31 Oct 2019

WASHINGTON Understanding central banks is often compared to reading tea leaves: picking up on subtle clues that point in one direction or another.

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