Federal Reserve

Trump: It's up to Cain to move ahead with Fed nomination

President Donald Trump says that former GOP presidential candidate Herman Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board.

India's central bank cuts lending rate to 6%

India's central bank has lowered its key interest rate by a quarter of a percentage point to 6% to strengthen domestic growth ahead of a national election next week.