Federal Reserve

European Central Bank confident in plan to remove stimulus

Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels more consistent with a strong economy after 2.5 trillion euros ($2.9 trillion) in bond-purchase stimulus.

Fed chairman defends gradual pace of rate hikes

Federal Reserve Chairman Jerome Powell says he believes the central bank's current pace of gradually hiking interest rates is the right policy and criticism from President Donald Trump has not altered its approach.