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Fed Boosts Interest Rate For Third Time in 2017
The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid footing 8 and a half years after the end of the Great Recession.
The...
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Trump Nominates Jerome Powell as Fed Chairman
President Donald Trump is choosing Federal Reserve board member Jerome Powell to become the next chair of the U.S. central bank.
In a Rose Garden announcement, Trump called Powell "strong," "committed" and "smart" and said...
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The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows. (March 19)
FOR CLEAN VERSION SEE STORY NUMBER: apus007349
The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows.
The Fed...
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USA - Greenspan cuts interest rates
The Federal Reserve is moving to inoculate the U-S economy against a spreading global crisis. Federal policymakers have cut short-term interest rates by a quarter-percentage point. The reduction will mean lower borrowing costs for...
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USA: GREENSPAN WARNING ON PROJECTED BUDGET SURPLUSES
English/Nat
U-S Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to exercise caution in deciding how to deal with projected budget surpluses.
Testifying before the House Budget Committee, Greenspan argued that the...
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New Federal Reserve Chair Janet Yellen told Congress that if the economy keeps improving, the Fed will take "further measured steps" to reduce the support it's providing through bond purchases. (Feb. 11)
Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.
Yellen told...
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USA: FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN (2)
English/Nat
In the U-S-A, President Bush's call for a tax cut is getting some backing from the Federal Reserve Chairman Alan Greenspan.
Testifying before the Senate Budget Committee on Thursday, Greenspan said rising estimates of budget...
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Investors Digest Midterm Election Results
HEADLINE: Investors Digest Midterm Election Results
CAPTION: Analyst Sam Stovall with Standard and Poor's talks to The Associated Press about how investors on Wall Street are reacting to the outcome of the midterm elections. (Nov....
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Bernanke and Geithner testify on Europe debt crisis
1. Wide of US Treasury Secretary Timothy Geithner and US Fed Chairman Ben Bernanke being sworn in
2. Cutaway wide of committee hearing room
3. SOUNDBITE: (English) Ben Bernanke, Chairman, Federal Reserve Bank:
"We considered a very...
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USA: ALAN GREENSPAN ASIAN FINANCIAL SITUATION SPEECH
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The U-S Federal Reserve Chairman on Thursday expressed some optimism that the Asian financial turmoil may be stabilising.
In a question-answer session with the American Society of Newspaper editors, Greenspan noted improved...
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USA: NEW YORK: ALAN GREENSPAN HINTS AT POSSIBLE RISE IN INTEREST RATES
English/Nat
The chairman of the U-S Federal Reserve on Thursday paved the way for the possibility of even higher interest rates to come.
Speaking at New York University's Stern School of Business, he said the Federal Reserve could not...
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The Federal Reserve moved to assist a Wall Street investment bank on the brink of bankruptcy to prevent a failure that could have dealt serious consequences to the U.S. economy, Federal Reserve Chairman Ben Bernanke said Thursday.
HEADLINE: Bernanke defends Bear Stearns rescue
CAPTION: The Federal Reserve moved to assist a Wall Street investment bank on the brink of bankruptcy to prevent a failure that could have dealt serious consequences to the U.S. economy,...
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Federal Reserve chief talks about jobs, economic recovery
1. Wide of Ben Bernanke walking up to podium
2. SOUNDBITE (English) Ben Bernanke, chairman of the US Federal Reserve:
"R and D (research and development) has become increasingly international, thanks to improved dissemination and...
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USA: FEDERAL RESERVE CHAIRMAN GREENSPAN SPEECH
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U-S Federal Reserve Chairman Alan Greenspan says policy-makers must keep an eye on surging energy prices.
In a speech at the 18th Annual Monetary Conference in Washington on Thursday, Greenspan said high energy prices have...
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Yellen: Fed To Modestly Reduce Bond Holdings
The Federal Reserve will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and...
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The Federal Reserve is keeping Wall Street's big rally alive _ and giving the Treasury market a boost as well.
HEADLINE:March 18: Stocks jump on Fed report
CAPTION: The Federal Reserve is keeping Wall Street's big rally alive _ and giving the Treasury market a boost as well. (March 18)
[Notes:ANCHOR VOICE]
The Federal Reserve is...
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A foreclosure aid plan that was facing a sluggish trip through Congress has a powerful new engine behind it: the Bush administration's urgent request to rescue mortgage giants Fannie Mae and Freddie Mac.
HEADLINE: Fannie, Freddie rescue pushes housing aid
CAPTION: A foreclosure aid plan that was facing a sluggish trip through Congress has a powerful new engine behind it: the Bush administration's urgent request to rescue mortgage...
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Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions. (July 15)
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
In delivering...
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USA: FEDERAL RESERVE - MILLENIUM BUG THREAT LARGELY GONE
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The chairman of the U-S Federal Reserve says the threat of computer failures caused by the Year 2000 date change has largely gone - thanks to thousands of people around the country.
But Alan Greenspan is still worried by one...
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Opening IMF presser, economists say US now in recession
1. Wide shot of International Monetary Fund (IMF) economists walking into news conference
2. Cutaway of press
3. SOUNDBITE: (English) Simon Johnson/IMF Chief Economist
"In the United States, economic growth has nearly stalled. Against...
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USA: FEDERAL RESERVE CHAIRMAN GREENSPAN
English/Nat
U-S Federal Reserve Chairman Alan Greenspan delivered a sober assessment of the U-S economy to Congress on Wednesday, saying that the sharp slowdown that began in the second half of last year "has yet to run its full...
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Greenspan, Snow hearing on financial crisis
1. Wide of Former Federal Reserve Chairman Alan Greenspan, Securities and Exchange Commission Chairman Chris Cox and Former Treasury Secretary John Snow testifying at the House Oversight and Government Reform Committee
2. SOUNDBITE:...
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Federal Reserve chief's latest economic assessment
1. US Chairman of the Federal Reserve Bank, Alan Greenspan talking to Senator Richard Shelby
2. Greenspan takes a seat
3. SOUNDBITE: (English) Alan Greenspan, Chairman of the US Federal Reserve Bank:
"Economic developments in the United...
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US Fed raises key interest rate for second time this year
The Federal Reserve has raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases because of solid U.S. economic growth and rising inflation.
The Fed now...