Fed seems content with low rates but confronts challenges

WASHINGTON (AP) — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no i...

Trump to nominate Shelton, Waller to Federal Reserve

WASHINGTON (AP) — President Donald Trump has nominated two people to serve on the Federal Reserve's influential Board of Governors. Both were first named by Trump on Twitter in July...

New Labor Dept. rule clarifies 'joint employer' standard

WASHINGTON (AP) — The Labor Department issued a final rule Sunday that clarifies when a worker is employed by more than one company, an issue that affects franchise businesses such as McDonald's and f...

Federal Reserve last month saw a declining risk of recession

WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its most recent meeting last month, when it kept interest rates steady after three straight cuts and s...

Fed leaves low rates alone and foresees no moves in 2020

WASHINGTON (AP) — The Federal Reserve is leaving its benchmark interest rate alone and signaling that it expects to keep low rates unchanged through next year. Th...

US gains a robust 266,000 jobs; unemployment falls to 3.5%

WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off global trade conflicts and added 266,000 jobs. The u...

US jobs data to give clues to economy amid trade uncertainty

WASHINGTON (AP) — Friday’s November jobs report will provide insight into whether steady hiring remains a source of strength for the U.S. economy even as the Trump administration’s trade conflicts hav...

How a central banker’s low-rate shift showed the way for Fed

RICHMOND, Virginia (AP) — In mid-2016, even with unemployment falling and the economy growing modestly, James Bullard, head of the St. Louis Federal Reserve Bank, was concerned. Mont...

Powell: Solid economy but tame inflation allows low rates

Federal Reserve Chairman Jerome Powell is sketching an optimistic view of the economy but signaling that continued low inflation means higher interest rates won’t likely be necessary anytime soon. ...

An emerging priority for Powell Fed: The plight of the poor

WASHINGTON (AP) — Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-inc...

Trump summons Powell to discuss rates amid attacks on Fed

WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly a...

Powell urges Congress to tackle growing budget deficit

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation’s economy. ...

Fed’s Powell sees steady growth, signals pause in rate cuts

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows s...

Powell to testify before Congress as Fed pauses rate cuts

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is due to testify Wednesday in Congress about the outlook for the U.S. economy, giving his perspective two weeks after the Fed cut interest rat...

Trump pushes back on reports US will remove China tariffs

WASHINGTON (AP) — President Donald Trump on Friday dismissed a Chinese official's assertion that his administration has agreed to roll back some of the higher tariffs it's imposed on Chinese goods. ...