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Senate panel approves Trump’s controversial Fed nominee

WASHINGTON (AP) - The Senate Banking Committee on Tuesday approved President Donald Trump's choice of Judy Shelton for the Federal Reserve board of governors...

Mnuchin urges swift aid bill; ex-Fed chairs want bigger deal

WASHINGTON (AP) - Treasury Secretary Steven Mnuchin urged Congress Friday to quickly enact a new pandemic relief package targeting hardest-hit swaths of the economy,...

Former Fed officials urge more efforts to bolster economy

WASHINGTON (AP) - Former Federal Reserve Chairs Ben Bernanke and Janet Yellen urged Congress on Friday to do more to help the economy deal...

Fed survey says economy has picked up but outlook cloudy

WASHINGTON (AP) - The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic...

British judge denies Maduro Venezuela’s gold in London bank

LONDON (AP) - A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a...

Fed minutes show concerns about severity of downturn

WASHINGTON (AP) - Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the...

Fed’s program for loaning to Main Street off to slow start

WASHINGTON (AP) - Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like...

European Central Bank hands out 1.3 trillion euros in loans

FRANKFURT, Germany (AP) - The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks...

Lebanese fear currency will further tumble despite promises

BEIRUT (AP) - For months, Kamal Nasser, a successful plumbing contractor in Lebanon, has seen his business base erode. There are almost no new...

Fed says ‘full range of tools’ in play to counter pandemic

WASHINGTON (AP) - The Federal Reserve is promising to use its “full range of tools” to pull the country out of a recession brought...