Federal Reserve

Malaysia cuts interest rate for first time in 3 years

Malaysia's central bank has cut interest rates for the first time in nearly three years to help support growth and counter risks from a global slowdown, trade tensions and extended weakness in commodity prices.

A Trump dilemma: Finding a dovish GOP ally to serve on Fed

The skeptical response to President Donald Trump's choice of Stephen Moore for the Federal Reserve has thrown a spotlight on the tough task Trump has set for himself: Finding a rare conservative ally who both favors cutting interest rates and is respected enough to win Senate confirmation.