Career central banker John Williams rose Tuesday to the helm of the New York Federal $SPY

Career central banker John Williams rose Tuesday to the helm of the New York Federal $SPY

Career central banker John Williams rose Tuesday to the helm of the New York Federal Reserve Bank, the most important branch of the US central bank, but the pick has drawn criticism over the institution’s…

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Fed bumps rates 25bps, boosts economic forecast, although indicates no acceleration in hikes

WASHINGTON — Federal Reserve officials on Wednesday forecast that economic growth will be faster through 2019 than they had expected in December before Congress enacted large tax cuts — but signaled they did not plan…

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Fed chief Jerome Powell: US to maintain post-crisis regulations

The Federal Reserve will get new discretion in Senate banking bill

WASHINGTON — As the financial system teetered on the brink of meltdown in the fall of 2008, then-Federal Reserve Chairman Alan Greenspan — known for years as “the Oracle” — admitted he had been blindsided…

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US central bankers conclude the Trump tax cuts will boost economy more than expected

Senator Rand Paul: It’s time to pass Audit the Fed

Despite overwhelming support from the American people for action, and a grassroots push that has led to multiple victories in the U.S. House of Representatives, the Senate has so far failed to follow the lead…

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Sen. SenRand Paul: “The establishment is very much opposed to shedding any sunlight on the Federal Reserve”

Sen. SenRand Paul: “The establishment is very much opposed to shedding any sunlight on the Federal Reserve”

On Monday, Sen. Rand Paul (R-Ky.) introduced his Audit the Fed bill which “would authorize the first-ever thorough audit of the Federal Reserve System.” The bill is an amendment to financial reform legislation that is…

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Fed Chair Powell: No sign US economy 'overheating' $SPY

Fed Chair Powell: No sign US economy ‘overheating’ $SPY

The US economy is showing no signs of overheating, so the job market can continue to tighten without generating troubling inflation, US central bank chief Jerome Powell said Thursday. After his comments highlighting the strengthening…

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US dollar index at three-year lows, is "structurally weak" despite Fed raising rates

US dollar index at three-year lows, is “structurally weak” despite Fed raising rates

The dollar edged down against most major currencies on Tuesday, with traders cautious ahead of testimony from new Federal Reserve chief Jerome Powell that could determine whether the currency’s recovery from a three-year low has…

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US central bankers conclude the Trump tax cuts will boost economy more than expected

US central bankers conclude the Trump tax cuts will boost economy more than expected

US central bankers said the recent tax cuts could juice the economy more than expected in the near term, meaning further interest rate hikes likely will be needed, according to meeting minutes released Wednesday. But…

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Fed chief Jerome Powell: US to maintain post-crisis regulations

Fed chief Jerome Powell: US to maintain post-crisis regulations

Newly-installed US Federal Reserve chief Jerome Powell pledged Tuesday to preserve the key gains made in banking regulation since the global financial crisis and continue gradual interest rate increases. Powell, who took over as Fed…

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Bangladesh to file US suit over $81 million U.S. Federal Reserve bank heist

Bangladesh to file US suit over $81 million U.S. Federal Reserve bank heist

Bangladesh’s central bank will file a lawsuit in New York against a Philippine bank over the world’s largest cyber heist, the finance minister said Wednesday. Unidentified hackers stole $81 million in February 2016 from the…

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US Fed keeps rates unchanged, says inflation will 'move up'

US Fed keeps rates unchanged, says inflation will ‘move up’

The Federal Reserve left the benchmark interest rate unchanged Wednesday after its first policy meeting of 2018, but said it expects inflation to move up this year — a possible signal of faster rate increases…

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Rand Paul: Border wall being too expensive, it may not work

Sen. Rand Paul says America will go the way of Rome if “inexcusable” deficit spending doesn’t stop

When discussing what led to the fall of the Roman Empire, much of it relates to today’s politics. That’s a point Rand Paul attempted to impart to his Washington colleagues recently according to an op-ed…

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Rate hike expected at final Fed meeting of 2017 $SPY $TLT

Rate hike expected at final Fed meeting of 2017 $SPY $TLT

The US central bank holds its final policy meeting of 2017 on Wednesday, with markets overwhelmingly expecting it to announce the third interest rate hike of the year. The move comes as inflation has begun…

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Treasury report says tax-cut plan will more than pay for itself, add $300 billion in revenue

The Treasury Department said Monday that the Senate-approved tax reform plan would pay for itself and more, actually boosting revenue by $300 billion over 10 years. The one-page analysis by Treasury counters a congressional forecast…

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Oil Prices Are Up, But No Signs Of #Oil Inflation?

Oil Prices Are Up, But No Signs Of #Oil Inflation?

Has the Federal Reserve finally burst the junk bond bubble? Perhaps, but then why is oil price inflation absent, yes oil has gone up we know but just wait. Junk bonds took a pounding last…

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President Trump taps Jerome Powell to lead US Federal Reserve, passing by Yellen

President Trump taps Jerome Powell to lead US Federal Reserve, passing by Yellen

President Donald Trump on Thursday nominated Federal Reserve Governor Jerome “Jay” Powell to lead the US central bank, saying the former investment banker has the wisdom and intelligence to guide the world’s largest economy. Trump…

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For President Trump, the race for a new Fed chair is a tangle of interests

For President Trump, the race for a new Fed chair is a tangle of interests

President Donald Trump says he is “very, very close” to naming the next Federal Reserve chief, building suspense toward perhaps the most consequential decision he has left to make in 2017. But the sweepstakes to…

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US deficit grew 13.6% in 2017, is now 3.5% of GDP

US deficit grew 13.6% in 2017, is now 3.5% of GDP

The US budget deficit grew to $666 billion in fiscal year 2017, according to official data released Friday, with much of the increase associated with spending on an ageing population. It represented a 13.6 percent…

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