Federal Reserve

Key Fed official slams U.S. tax cuts for imperiling economy

One of the Federal Reserve's most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump's sweeping tax cuts, warning they put the country on an unsustainable fiscal path that will imperil the economy's stability down the road.

Fed official says rates are last resort against financial risks

The Federal Reserve should only as a last resort adjust interest rates to deal with financial instabilities thought to imperil the U.S. economy, and instead rely primarily on regulations and supervision, a top Fed official said on Saturday.

Fed's Powell had little enthusiasm for QE3, transcripts show

SAN FRANCISCO/WASHINGTON, Jan 5 (Reuters) - Jerome Powell, President Donald Trump's pick to lead the U.S. central bank starting next month, backed the Federal Reserve's third bond-buying program only reluctantly, transcripts from the Fed's 2012 policy meetings show.

Fed minutes reveal uncertainties over tax cuts

Federal Reserve officials debated whether new tax cuts approved by Congress would require them to raise short-term interest rates faster this year, after lifting them three times last year.

European Central Bank keeps stimulus measures on track

With the eurozone economy showing strong growth, the European Central Bank left its interest rates and stimulus measures unchanged Thursday as it looks ahead to the delicate matter of ending its bond-purchase program next year.