Federal Reserve

Despite a host of global economic challenges through the course of 2016, in the third quarter U.S. equity markets once again proved their resilience as the major averages capped the thee-month period higher.

Despite a host of global economic challenges through the course of 2016, in the third quarter U.S. equity markets once again proved their resilience as the major averages capped the thee-month period higher.

Former Philadelphia Federal Reserve President Charles Plosser has joined a growing chorus calling for the U.S. central bank to raise short-term interest rates.

Former Philadelphia Federal Reserve President Charles Plosser has joined a growing chorus calling for the U.S. central bank to raise short-term interest rates.

Finally, OPEC reaches an agreement -After a six-hour gathering in Algiers, OPEC members say they have reached an agreement on the need to cut crude output in order to reduce the global supply excess.

Finally, OPEC reaches an agreement -After a six-hour gathering in Algiers, OPEC members say they have reached an agreement on the need to cut crude output in order to reduce the global supply excess.

A top U.S. Federal Reserve official said on Thursday he supported the U.S. central bank's decision to leave interest rates unchanged until there was more evidence the economy is approaching the Fed's goal of full employment and 2 percent inflation.

A top U.S. Federal Reserve official said on Thursday he supported the U.S. central bank's decision to leave interest rates unchanged until there was more evidence the economy is approaching the Fed's goal of full employment and 2 percent inflation.

December's U.S. Federal Reserve meeting would be an appropriate time to increase interest rates if the economy continues to move in the direction that it anticipates.

December's U.S. Federal Reserve meeting would be an appropriate time to increase interest rates if the economy continues to move in the direction that it anticipates.

Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year.

Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year.

Swiss lender UBS Group said low interest rates have created a housing bubble in key cities worldwide with Vancouver and London most at risk. Is the U.S. next?

Swiss lender UBS Group said low interest rates have created a housing bubble in key cities worldwide with Vancouver and London most at risk. Is the U.S. next?

The U.S. Federal Reserve should take another step in removing monetary policy accommodation because not doing so risks overheating the economy which in turn could cause a recession, Cleveland Fed President Loretta Mester said on Wednesday.

The U.S. Federal Reserve should take another step in removing monetary policy accommodation because not doing so risks overheating the economy which in turn could cause a recession, Cleveland Fed President Loretta Mester said on Wednesday.

Federal Reserve Chair Janet Yellen said on Tuesday that while the federal government has made “great progress” on ending too-big-to-fail institutions, the issue is not a black and white one.

Federal Reserve Chair Janet Yellen said on Tuesday that while the federal government has made “great progress” on ending too-big-to-fail institutions, the issue is not a black and white one.

Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest.

Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest.