Trade war negative for economy says Fed's Williams, report
San Francisco Fed President John Williams says a trade war would not be good for the U.S. economy.
San Francisco Fed President John Williams says a trade war would not be good for the U.S. economy.
The Federal Reserve's latest survey of economic conditions around the country finds growing concern among businesses about the adverse impact higher tariffs could have on their firms and the overall economy.
U.S. GDP growth will moderate next year and drop to 1.75 [percent] to 2% by 2020, according to Federal Reserve Bank of Dallas President Robert Kaplan.
On Tax Day, the White House inflated the public's expectations that Tuesday's filing deadline marked the last time that figuring out taxes will drive Americans crazy.
On the eve of Tax Day, President Donald Trump is exaggerating the government's plans to shrink the much-dreaded federal income tax forms.aa
On the eve of Tax Day, President Donald Trump is exaggerating the government's plans to shrink the much-dreaded federal income tax forms.
Richard Clarida, a Republican economist and Pimco executive, has been nominated as vice chairman of the central bank.
Policies that increase immigration, allow the U.S. to take advantage of globalization and trade, reduce government debt growth and boost educational attainment are among changes the U.S. needs, Kaplan said.
The Trump administration is again declining to name China as a currency manipulator, but it did target that country and five others for special monitoring of practices that the administration says are making America's trade deficit worse.
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U.S. stocks are giving back some of their recent gains as the market slumps Wednesday morning.
Federal Reserve officials at their March meeting, the first under new Chairman Jerome Powell, decided to stick with a gradual approach to rate hikes.
Policy makers believe inflation will move closer to the 2% target.
The Federal Reserve is prosing new rules regarding how much capital a bank must hold as a cushion.
Iran is moving to enforce a single exchange rate to the dollar, banning all unregulated trading after the country's currency, the rial, hit an all-time low.
“We have all this quantitative easing we did – $2.5 trillion or so of excess reserves in the banking system that just sits there,” the former Philly Fed president said.
The Fed next meets to set policy in June, by which time the Fed will have more inflation data in hand.
The Fed next meets to set policy in June.
Federal Reserve Chairman Jerome Powell is painting a mostly sunny view of the U.S. economy and saying the Fed remains committed to raising its key interest rate gradually.
Powell reiterated his view that the U.S. economy is strong, despite sluggish wage growth and inflation that remains below the Fed’s 2% objective.