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India

Ann Saphir

Fed policymakers leave little doubt - Rate hikes can wait

19 Jan 2019

SOMERSET, N.J./SAN FRANCISCO "Patience" is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while.

Fed's Kashkari says financial system safer; audience disagrees

17 Jan 2019

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of the Fed's recent round of interest rate hikes, on Wednesday said the U.S. central bank is as well positioned now as before the 2007-2009 financial crisis to fight a downturn.

WRAPUP 2-Multiplying risks, including shutdown, bolster Fed call for 'patience'

16 Jan 2019

PLANO, Texas/SAN FRANCISCO, Jan 15 Multiplying risks to the U.S. recovery, including now a self-imposed government shutdown, have broadened calls among even hawkish Federal Reserve officials to be patient before raising interest rates again.

Powell sought fast end in 2013 to Fed's bond-buying program

12 Jan 2019

Federal Reserve Chairman Jerome Powell, in his early days on the U.S. central bank's board of governors, argued frequently and forcefully for an end to the bond purchases undertaken to support the recovery from the financial crisis, transcripts of policy meetings from 2013 released on Friday showed.

If U.S. again risks default, Fed has 'loathsome' playbook

12 Jan 2019

SAN FRANCISCO Should political deadlock in Washington again bring the world's biggest economy to the brink of a debt default, the U.S. central bank has a playbook that includes options one policymaker once labelled "loathsome," but, perhaps, necessary.

If U.S. again risks default, Fed has 'loathsome' playbook

12 Jan 2019

SAN FRANCISCO Should political deadlock in Washington again bring the world's biggest economy to the brink of a debt default, the U.S. central bank has a playbook that includes options one policymaker once labeled "loathsome," but, perhaps, necessary.

Fed at 'end of road' on rate hikes, Bullard says

11 Jan 2019

With U.S. growth likely to slow this year, the U.S. Federal Reserve has come to the "end of the road" on its current interest-rate hike cycle, St. Louis Federal Reserve Bank President James Bullard said on Thursday.

Fed at 'end of road' on rate hikes, Bullard says

11 Jan 2019

With U.S. growth likely to slow this year, the U.S. Federal Reserve has come to the "end of the road" on its current interest-rate hike cycle, St. Louis Federal Reserve Bank President James Bullard said on Thursday.

Fed may be open to changes to balance sheet plan, minutes show

10 Jan 2019

SAN FRANCISCO Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank's balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-than-expected portfolio of assets.

More U.S. regions see job openings outnumbering jobless

08 Jan 2019

WASHINGTON/SAN FRANCISCO Job openings are outnumbering unemployed workers across increasingly wide swaths of the United States, forcing businesses to rethink how they find workers, which could keep pressure on the Federal Reserve to raise interest rates despite a global economic slowdown.

World News

Death toll from Mexico fuel pipeline blast rises to 66

At least 66 people were killed after a pipeline ruptured by suspected fuel thieves exploded in Mexico, authorities said on Saturday, as President Andres Manuel Lopez Obrador defended the army despite its failure to clear the site before the blast.