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Fed orders quarter-point rate hike at first meeting under Powell

U.S. News // 6 months ago

Fed orders quarter-point rate hike at first meeting under Powell

The Federal Reserve raised interest rates by a quarter percent Wednesday at the end of its two-day policy meeting -- the first under new chief Jerome Powell.

Hillary Clinton to receive Harvard's Radcliffe Medal

U.S. News // 6 months ago

Hillary Clinton to receive Harvard's Radcliffe Medal

The Radcliffe Institute at Harvard University announced Thursday that former Secretary of State Hillary Clinton will receive the Radcliffe Medal.

Back at work, U.S. lawmakers face growing calls for gun control

U.S. News // 6 months ago

Back at work, U.S. lawmakers face growing calls for gun control

Members of Congress return to work Monday after a weeklong recess to again face debate over U.S. gun violence amid calls for greater gun control measures.

Fed expects rate hikes, minutes from January meeting show

U.S. News // 7 months ago

Fed expects rate hikes, minutes from January meeting show

Fed officials pointed to a "substantial underlying economic momentum" as an indicator for a gradual rate hike, according to minutes from their January meeting.

Fed restricts Wells Fargo growth after misconduct

U.S. News // 7 months ago

Fed restricts Wells Fargo growth after misconduct

The Federal Reserve is restricting Wells Fargo's growth after widespread consumer abuses and breakdowns in compliance.

Janet Yellen to join Brookings Institution upon leaving Fed

U.S. News // 7 months ago

Janet Yellen to join Brookings Institution upon leaving Fed

Outgoing Federal Reserve Chairwoman Janet Yellen won't be out of a job for long -- she's joining the Brookings Institution as a distinguished fellow next week.

In Yellen's last meeting, Fed leaves interest rates unchanged

U.S. News // 7 months ago

In Yellen's last meeting, Fed leaves interest rates unchanged

The Federal Reserve chose not to raise its benchmark interest rate Wednesday in Janet Yellen's last meeting as Fed chairwoman.

U.S. shale gains pushing oil prices lower

Energy News // 7 months ago

U.S. shale gains pushing oil prices lower

Emerging supply-side strains from the United States, and the announcement Wednesday of new discoveries, sent oil prices lower in early Wednesday trading.

Oil slips on signs of build-up in supplies

Energy News // 7 months ago

Oil slips on signs of build-up in supplies

Crude oil prices continued to pull back from recent highs Tuesday on signs that supply-side pressures were catching up with much-watched inventory metrics.

Senate confirms Jerome Powell as Fed chairman

U.S. News // 8 months ago

Senate confirms Jerome Powell as Fed chairman

The Senate on Tuesday confirmed Jerome Powell to be chairman of the Federal Reserve, replacing outgoing Chairwoman Janet Yellen.

Dow surges past 24,000-mark for first time in history

U.S. News // 9 months ago

Dow surges past 24,000-mark for first time in history

The Dow Jones Industrial Average surged past the 24,000-mark for the first time ever Thursday -- just one month after topping the 23,000 barrier.

In possible last speech to Congress, Yellen says expect interest rate increases

U.S. News // 9 months ago

In possible last speech to Congress, Yellen says expect interest rate increases

Outgoing Federal Reserve Chair Janet Yellen told Congress on Wednesday to "expect gradual increases" in interest rates because of concerns about growth.

OPEC jitters offset U.S. GDP growth

Energy News // 9 months ago

OPEC jitters offset U.S. GDP growth

Acceleration in the U.S. economy from the second quarter wasn't enough to shake off the OPEC jitters that sent crude oil prices slightly lower on Wednesday.

Powell says at confirmation hearing he's concerned about U.S. fiscal health

U.S. News // 9 months ago

Powell says at confirmation hearing he's concerned about U.S. fiscal health

The man picked to replace Fed Chair Janet Yellen said Tuesday he's concerned about the viability of U.S. fiscal health and favors easing burdens on small banks.

Janet Yellen to resign from Federal Reserve

U.S. News // 10 months ago

Janet Yellen to resign from Federal Reserve

Federal Reserve Chair Janet Yellen said Monday she will resign from her spot on the board of governors when her term as chair ends in February.

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