Central banking

Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, left, talks with ranking member Sen. Sherrod Brown, D-Ohio, right, during a hearing with Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, Wednesday, Feb. 12, 2020. (AP Photo/Susan Walsh)
February 12, 2020 - 11:01 pm
WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve will likely face skeptical questioning from a Senate committee Thursday over her unconventional economic views. Trump has nominated Judy Shelton for the Fed's Board of Governors, a position with significant influence...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 12, 2020. Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. (AP Photo/Kin Cheung)
February 12, 2020 - 2:37 am
TOKYO (AP) — Global shares were higher Wednesday, although the outbreak of a new virus, mostly in China, continued to weigh on investor sentiments. France's CAC 40 added 0.1% in early trading to 6,063.26. Germany's DAX was up 0.3% at 13,667.35. Britain's FTSE 100 inched up 0.1% to 7,506.66. U.S...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 12, 2020. Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. (AP Photo/Kin Cheung)
February 11, 2020 - 9:36 pm
TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00. Hong Kong's Hang Seng added 0.7% to 27,...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 11, 2020 - 11:07 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces some risk from the broadening viral outbreak that began in China. Giving the Fed’s semiannual monetary report to Congress,...
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Christine Lagarde president of the ECB before making a speech during the annual report 2018 of the ECB, before the European Parliament's economic and monetary affairs committee at the European Parliament in Strasbourg, France, Tuesday Feb. 11, 2020. Lagarde warned that the world's central banks have little room to stimulate growth in the economy as interest rates and inflation are already very low. (AP Photo/Jean-François Badias)
February 11, 2020 - 9:12 am
FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde is urging governments to get more involved in supporting the tepid eurozone economy through targeted spending and business-friendly reforms. Lagarde said that “"other policy areas... have to play their part” in helping the...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Feb. 10, 2020. Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is under control might be premature. (AP Photo/Eugene Hoshiko)
February 09, 2020 - 9:49 pm
BEIJING (AP) — Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is under control might be premature. Market benchmarks in Tokyo, Shanghai and Hong Kong retreated. Australia was unchanged. A decline last week...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 07, 2020 - 12:48 pm
WASHINGTON (AP) — The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent a new threat. In its semi-annual...
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FILE - In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand's central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)
February 06, 2020 - 2:51 am
BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China's neighbors seek ways to soften the impact of measures to contain a virus outbreak that has killed more than 560 people. The Philippine central bank cut its main policy rate on Thursday by...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 5, 2020. Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. (AP Photo/Ahn Young-joon)
February 05, 2020 - 2:36 am
TOKYO (AP) — European indexes were slipping in early trading Wednesday after Asian shares rose on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. France's CAC 40 slipped 0.3% to 5,916.83 in early trading, while Germany's DAX lost 0...
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February 05, 2020 - 12:33 am
CANBERRA, Australia (AP) — Australia's deadly wildfires will have no impact on the nation's economic growth this year but the impact of a new virus is still unknown, the head of the Australian central bank said on Wednesday. The wildfires have killed 33 people and destroyed more than 3,000 homes in...
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