Edition:
United States

Jonathan Spicer

Turkish watchdogs to probe JP Morgan after lira plunge

Mar 23 2019

ISTANBUL Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday.

A Fed pivot, born of volatility, missteps, and new economic reality

Feb 22 2019

WASHINGTON The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth. | Video

A Fed pivot, born of volatility, missteps, and new economic reality

Feb 22 2019

WASHINGTON The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth. | Video

RPT-INSIGHT-A Fed pivot, born of volatility, missteps, and new economic reality

Feb 22 2019

WASHINGTON, Feb 22 The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.

Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

Feb 19 2019

NEW YORK New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now and that he sees no need to raise them again unless economic growth or inflation shifts to an unexpectedly higher gear. | Video

Fed's Brainard says balance sheet trimming should end this year

Feb 14 2019

The U.S. Federal Reserve should stop paring its balance sheet by the end of this year, Governor Lael Brainard said on Thursday, suggesting the Fed could wind up with a permanently bigger balance sheet than had been expected even a few months ago.

Newly patient Fed still set to hike rates in 2019, 2020: Harker

Feb 13 2019

The U.S. Federal Reserve's new "wait and see" policy approach will still probably lead to one interest-rate hike before year end, and another in 2020, a top Fed official said on Wednesday.

Red flags emerge as Americans' debt load hits another record

Feb 12 2019

NEW YORK Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon.

UPDATE 1-Red flags emerge as Americans' debt load hits another record

Feb 12 2019

NEW YORK, Feb 12 Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon.

Fed's Quarles sees 2019 as an 'interim' year for bank stress tests

Feb 06 2019

NEW YORK - U.S. bank stress tests conducted during an "interim" period this year will help the Federal Reserve decide what permanent changes to make to the closely followed examinations, the Fed's point person on financial supervision Randal Quarles said on Wednesday.

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