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India

Jonathan Spicer

Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy

24 Jul 2018

PHILADELPHIA By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt. | Video

Fed's Kaplan 'calling out' U.S. tariff risk before it worsens

14 Jul 2018

NEW YORK An escalation of U.S. trade tariffs would harm the economy's prospects, according to a Federal Reserve official who is making it his business to raise the alarm with lawmakers and government officials. | Video

Fed's Kaplan 'calling out' US tariff risk before it worsens

14 Jul 2018

NEW YORK, July 13 An escalation of U.S. trade tariffs would harm the economy's prospects, according to a Federal Reserve official who is making it his business to raise the alarm with lawmakers and government officials.

Fed's escape from crisis holdings could hit dead end

13 Jul 2018

NEW YORK Not long ago the Federal Reserve expected to quietly shed nearly half of its $4.5-trillion (3.41 trillion pounds) portfolio by around 2022, leaving little trace of the extraordinary steps it took to face down the financial crisis. But an unexpected market kink could force the Fed to scrap the plan two or three years early and permanently leave it holding $1 trillion more than it wanted.

Analysis: Fed's escape from crisis holdings could hit dead end

12 Jul 2018

NEW YORK Not long ago the Federal Reserve expected to quietly shed nearly half of its $4.5-trillion portfolio by around 2022, leaving little trace of the extraordinary steps it took to face down the financial crisis. But an unexpected market kink could force the Fed to scrap the plan two or three years early and permanently leave it holding $1 trillion more than it wanted.

RPT-Who has Fed Chair Powell's ear? Lawmakers and bankers

08 Jul 2018

SAN FRANCISCO/NEW YORK, July 6 Federal Reserve Chair Jerome Powell spends more time with U.S. lawmakers, White House advisers, and bankers than did his predecessor Janet Yellen, who tended to favor meetings with professors, the Treasury secretary and community advocates.

Who has Fed Chair Powell's ear? Lawmakers and bankers

07 Jul 2018

SAN FRANCISCO/NEW YORK Federal Reserve Chair Jerome Powell spends more time with U.S. lawmakers, White House advisers, and bankers than did his predecessor Janet Yellen, who tended to favor meetings with professors, the Treasury secretary and community advocates.

New York's poor are hardest hit by subway delays - study

27 Jun 2018

NEW YORK In New York City, where the range of incomes of its citizens is reflected almost perfectly in its subway riders, lower-income riders have been disproportionately impacted by train delays, a study published on Wednesday showed.

Trump's China trade threat a risky negotiating tactic: Goldman CEO

20 Jun 2018

NEW YORK U.S. President Donald Trump's threat to escalate a trade conflict with China is likely a negotiating tactic and not a "suicide pact," the chief executive of Goldman Sachs & Co said on Tuesday, criticizing the White House strategy as a risky tit-for-tat.

Trump's China trade threat a risky negotiating tactic - Goldman CEO

19 Jun 2018

NEW YORK U.S. President Donald Trump's threat to escalate a trade conflict with China is likely a negotiating tactic and not a "suicide pact," the chief executive of Goldman Sachs & Co said on Tuesday, criticizing the White House strategy as a risky tit-for-tat.

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