Federal Reserve

Fed chair nominee Powell sees no too-big-to-fail banks

Improvements in U.S. bank regulation and supervision since the 2007-09 financial crisis have eliminated the problem of 'too-big-to-fail' banks, Federal Reserve chair nominee Jerome Powell told the Senate Banking Committee on Tuesday.

Powell says he favors loosening some bank regulations

Jerome Powell says that if confirmed as the next chairman of the Federal Reserve, he expects the Fed to continue raising interest rates gradually to support its twin goals of maximum employment and stable prices.

Powell, in prepared remarks, backs further slow rate hikes

Jerome Powell says that if confirmed as the next chairman of the Federal Reserve, he expects the central bank to continue raising interest rates gradually to support the Fed's twin goals of maximum employment and stable prices.

Asian shares lower, China in focus after big selloff

Stocks in Shanghai fell sharply but in rest of Asia, markets were calm Thursday after the Fed minutes largely met investor expectations that it will soon raise interest rates for a third time next month.

Global Markets Seek Safety as Summer Risks Loom

Markets across the globe kicked off what’s likely to be a volatile 10-day period on a risk-averse note as investors ditched risky equity positions in favor of safe-haven assets.

Reuters Poll: Fed to Hold Rates Until at Least December

The U.S. Federal Reserve will wait until the fourth quarter before raising interest rates, likely in December after the presidential election, according to a Reuters poll which once again showed subdued inflation expectations.

Reuters Poll: Fed to Hold Rates Until at Least December

The U.S. Federal Reserve will wait until the fourth quarter before raising interest rates, likely in December after the presidential election, according to a Reuters poll which once again showed subdued inflation expectations.