Tag: Central banking
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
US 30-year mortgage rates jump to 3.17%, highest since June
McCLEAN, Va. — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows.
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Fed says restrictions on bank dividends and buybacks to end
WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...
Survey: Business economists favor increased federal spending
WASHINGTON — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that...
Turkish lira plummets after Erdogan fires central bank chief
<p>ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...
Turkish lira plummets after Erdogan fires central bank chief
ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...
Turkey’s president fires central bank governor by decree
ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for...
Turkey’s president fires central bank governor by decree
<p>ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for...
Fed to end relaxed capital requirements for large banks
WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...
Fed to end relaxed capital requirements for large banks
<p>WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...