Monetary policy

March 28, 2019 - 5:12 pm
WASHINGTON (AP) — President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank. Moore is a former Trump...
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In this Thursday, Feb. 21, 2019 photo a recently constructed home is surrounded by snow in Natick, Mass. On Thursday, March 28, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steven Senne)
March 28, 2019 - 11:31 am
WASHINGTON (AP) — Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac says the average 30-year fixed rate mortgage plunged to 4.06 percent this week, down from 4.28 percent last week...
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European Central Bank President Mario Draghi arrives for an EU summit in Brussels, Friday, March 22, 2019. European Union leaders gathered again Friday after deciding that the political crisis in Britain over Brexit poses too great a threat and that action is needed to protect the smooth running of the world's biggest trading bloc. (Julien Warnand, Pool Photo via AP)
March 27, 2019 - 7:40 am
FRANKFURT, Germany (AP) — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said Wednesday. Draghi said the bank would take "all the monetary policy actions that are necessary and proportionate...
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European Central Bank President Mario Draghi arrives for an EU summit in Brussels, Friday, March 22, 2019. European Union leaders gathered again Friday after deciding that the political crisis in Britain over Brexit poses too great a threat and that action is needed to protect the smooth running of the world's biggest trading bloc. (Julien Warnand, Pool Photo via AP)
March 27, 2019 - 7:09 am
FRANKFURT, Germany (AP) — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said Wednesday. Draghi told a conference that the bank would take "all the monetary policy actions that are necessary...
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March 26, 2019 - 8:27 am
In a story March 22 about the financial markets, The Associated Press misspelled the name of asset management company Schroders. A corrected version of the story is below: Stocks, bond yields fall sharply as growth worries spread New signs the global economic growth is slowing roiled Wall Street...
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FILE- In this March 13, 2019, file photo traders gather at the post that handles Oaktree Capital Group on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, March 22. (AP Photo/Richard Drew, File)
March 22, 2019 - 5:31 pm
Wall Street was roiled Friday by new signs that global economic growth is slowing. The jitters triggered a sell-off in stocks and sent bond yields sharply lower, flashing a possible recession warning. The wave of selling knocked 460 points off the Dow Jones Industrial Average and gave the benchmark...
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President Donald Trump talks with reporters before boarding Marine One on the South Lawn of the White House, Friday, March 22, 2019, in Washington. (AP Photo/Evan Vucci)
March 22, 2019 - 5:10 pm
WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst and frequent critic of the Federal Reserve, to fill a vacancy on the Fed's seven-member board. Moore, a well-known and often polarizing figure in Washington political circles,...
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President Donald Trump talks with reporters before boarding Marine One on the South Lawn of the White House, Friday, March 22, 2019, in Washington. (AP Photo/Evan Vucci)
March 22, 2019 - 4:41 pm
WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst and frequent critic of the Federal Reserve, to fill a vacancy on the Fed's seven-member board. Moore, a well-known and often polarizing figure in Washington political circles,...
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President Donald Trump talks with reporters before boarding Marine One on the South Lawn of the White House, Friday, March 22, 2019, in Washington. (AP Photo/Evan Vucci)
March 22, 2019 - 1:05 pm
WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst, to fill a vacancy on the Federal Reserve's seven-member board. Moore served as an economic adviser to Trump during the 2016 presidential campaign, helping to draft Trump's tax...
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FILE- In this March 13, 2019, file photo traders gather at the post that handles Oaktree Capital Group on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, March 22. (AP Photo/Richard Drew, File)
March 22, 2019 - 12:21 pm
NEW YORK (AP) — Stocks are sliding on Wall Street Friday and bond yields are moving sharply lower as investors worry that global economic growth is slowing. Banks and technology companies led the declines, which wiped out the market's gains for the week. Citigroup led a slump in banks with a 4.9...
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