Federal Reserve

Fed minutes: Another rate hike likely 'soon'

Federal Reserve officials earlier this month discussed a number of risks facing the economy, from rising wage pressures to possible harm from administration trade policies.

Bulgaria hits setback in bid for euro membership

The European Central Bank has dealt a setback to Bulgaria's hopes of soon joining the euro, saying the European Union's poorest country needs "wide-ranging" reforms to put its economy in shape.

Trump pick for vice chair pledges support for key Fed goals

Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, is pledging support for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence.