Central bank interest rates

FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington. Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, Jan. 8, 2021 showed that the chief concern was whether the Fed would be acting prematurely in starting to raise rates given how low inflation was at the time. (AP Photo/Patrick Semansky, File)
January 08, 2021 - 9:31 am
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief...
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Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)
December 16, 2020 - 12:02 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy meeting...
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FILE- In this Saturday, Nov. 28, 2020, file photo, customers browse while shopping for books at the Strand Bookstore, an independent family owned bookstore founded in 1927 in New York. A Federal Reserve survey of business conditions around the country found that economic activity in several regions was slowing in November as coronavirus cases surged. The report, released Wednesday, Dec. 2, 2020, and known as the beige book, will be used by Fed officials when they hold their last meeting of the year on Dec. 15-16 to discuss possible changes to the central bank's interest-rate policies.. (AP Photo/Mary Altaffer)
December 02, 2020 - 3:20 pm
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed's 12 regional banks characterized the economic expansion...
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FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. The Fed on Wednesday, Nov. 25, released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.” (Drew Angerer/Pool via AP, file)
November 25, 2020 - 12:55 pm
WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 23, 2020 - 9:01 pm
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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FILE - In this Feb. 13, 2020 file photo, President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington. President Donald Trump's controversial nominee to the Federal Reserve is facing a razor-close vote in Congress. The Senate is voting Tuesday on the nomination of Judy Shelton to join the Federal Reserve's powerful board of governors. Shelton is an unusually caustic critic of the Fed and is opposed by three Republican senators. Expected absences from two other Republicans could block her from advancing in Tuesday’s vote. (AP Photo/J. Scott Applewhite, File)
November 18, 2020 - 9:05 am
WASHINGTON (AP) — The nomination of Judy Shelton, President Donald Trump's controversial pick for the Federal Reserve, is stalled in the Senate after Vice President-elect Kamala Harris returned to the chamber to cast a key vote in a tally Tuesday. Two key Republicans were absent because of COVID-...
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People walk inside historical Covered Bazar, one of homes of exchange offices in Istanbul, Friday, Aug. 7, 2020. Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery. The lira is down about 19% versus the U.S. currency since the beginning of the year. (AP Photo/Emrah Gurel)
November 06, 2020 - 10:10 pm
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira. Former Finance Minister Naci Agbal was brought in to replace Murat Uysal, according to a presidential decree...
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Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
November 05, 2020 - 11:41 am
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic. The Fed announced no new actions after its latest policy meeting but...
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A man walks past the Reserve Bank of Australia headquarters in Sydney, Tuesday, Nov. 3, 2020. Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.(Dan Himbrechts/AAP Image)
November 02, 2020 - 10:22 pm
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move was the first since March when the Reserve Bank of Australia board made two...
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FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)
November 02, 2020 - 8:36 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus. Benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Japanese...
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