Edition:
United States

Trevor Hunnicutt

Regulators call for urgent move away from Libor

10:45am EDT

NEW YORK/LONDON Federal Reserve Bank of New York President John Williams on Monday said the finance industry "must not wait" to stop using the Libor lending benchmark.

Fed's Williams says case for a U.S. rate cut is stronger

Jul 11 2019

ALBANY, N.Y. The case for cutting rates has grown stronger because of uncertainties weighing on the U.S. economy and weaker inflation, New York Federal Reserve President John Williams said on Thursday.

Powell testimony, Fed meeting highlight case for 'insurance'

Jul 11 2019

WASHINGTON A confidence shock driven partly by the U.S. trade war is at the center of an increasingly persuasive argument for Federal Reserve policymakers seriously considering cutting rates for the first time in a decade. | Video

Fed chief calls for Facebook to halt Libra project until concerns addressed

Jul 10 2019

WASHINGTON U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin. | Video

Fed's Powell bolsters rate cut view on trade, global growth concerns

Jul 10 2019

WASHINGTON Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to 'act as appropriate' to defend an economic expansion threatened by trade disputes and a global slowdown. | Video

Fed chief calls for Facebook to halt Libra project until concerns addressed

Jul 10 2019

WASHINGTON U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin. | Video

Many Fed officials saw near-term rate cut, not all convinced: minutes

Jul 10 2019

WASHINGTON, Many U.S. Federal Reserve officials at their last meeting thought more stimulus would be needed soon if risks to the U.S. economy did not let up, and several others leaned in that direction, records from the meeting showed.

Fed faces tougher task in deciding whether to cut U.S. rates

Jul 07 2019

NEW YORK U.S. employers are hiring workers, but that is only making the Federal Reserve's job harder. | Video

World News