Federal Reserve

Workers refuel the tank at a gas station in Jiddah, Saudi Arabia, Tuesday, Sept. 17, 2019.
Amr Nabil/AP Photo
AP News
September 18, 2019 - 5:48 pm
Oil prices retreated for a second day Wednesday even as the Saudi military blamed Iran for recent attacks to critical oil infrastructure and U.S. Secretary of State Mike Pompeo called the strike an "act of war."
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Trump rips Federal Reserve as it mulls rate cut
CNN
July 31, 2019 - 10:37 am
By Donna Borak, CNN Business (CNN) -- The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history. The move would come despite a strong US economy. But some cracks are beginning to show:...
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A growing number of economists predict that the United States will experience a recession sometime later this year or in 2020. Investors are starting to worry about a downturn, too.
Spencer Platt/Getty Images
January 22, 2019 - 10:45 am
By Paul R. La Monica, CNN Business (CNN) -- A growing number of economists predict that the United States will experience a recession sometime later this year or in 2020. Investors are starting to worry about a downturn, too. About three quarters (73%) of investors expect a recession within the...
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Annie Rice/ AP Photo
January 04, 2019 - 8:12 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. Both of those messages cheered stock market investors who had been worried...
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Stock market attempts a bounceback
Seth Wenig/AP
December 26, 2018 - 10:20 am
By Sherisse Pham, CNN Business (CNN) -- The stock market is trying to rebound from a disastrous Christmas Eve. The Dow opened 150 points higher Wednesday. The S&P 500 rose 0.9% and Nasdaq was up about 1.3%. But all three quickly lost steam. Thin trading and a lack of news often send stocks...
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Donald Trump
Jacquelyn Martin/AP
December 25, 2018 - 1:43 pm
By Kevin Liptak (CNN) — In President Donald Trump's Christmas Day telling, the drugs are flowing over the border, the Federal Reserve is imperiling the economy and the Democrats are preparing to harass him with oversight requests. "It's a disgrace, what's happening in our country," Trump fumed,...
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Steven Mnuchin and President Donald Trump
Mandel Ngan/AFP/Getty Images
December 25, 2018 - 11:18 am
By Kevin Liptak, CNN (CNN) -- President Donald Trump said Tuesday he remains confident in his treasury secretary, a day after markets tanked on fears about the Federal Reserve and a peculiar call between Treasury Secretary Steve Mnuchin and bank CEOs. "Yes I do," Trump said when asked whether he...
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 A man walks past the day's losses, of Nikkei stock index, left, and of the Dow Jones Industrial Average, right, on an electronic stock board at a securities firm in Tokyo, Tuesday, Dec. 25, 2018.
Yohei Fukai/Kyodo News via AP
December 25, 2018 - 6:39 am
By Joe McDonald, AP Business Writer BEIJING (AP) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's criticism of the U.S. central bank. The Nikkei 225 fell by an unusually wide margin of 5 percent to 19,155.14...
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Federal Reserve Chairman Jerome Powell speak at a news conference in Washington, Wednesday, Dec. 19, 2018.
Susan Walsh/AP Photo
December 24, 2018 - 1:40 pm
By Josh Boak, AP Economics Writer President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe. "The only problem our economy has is the Fed,"...
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(Xinhua/Liu Jie) (Photo by Xinhua/Sipa USA)
December 22, 2018 - 6:47 pm
By Kevin Liptak (CNN) -- President Donald Trump has begun polling advisers about whether he has the legal authority to fire Federal Reserve Chairman Jerome Powell, according to two people familiar with the matter, who described the President as newly furious at the Fed chief as markets tumble...
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