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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...

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...

European Central Bank nearly doubles pandemic support scheme

FRANKFURT, Germany (AP) - The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5...

Fed signals it will likely hold rates near zero for months

WASHINGTON (AP) - The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as...

Asian stocks rise after Wall Street advance on aid hopes

BEIJING (AP) - Asian stock markets rose Friday after Wall Street gained on hopes government and central bank action can shield the world economy...

In response to virus, Bank of England cuts main rate to...

LONDON (AP) - The Bank of England slashed its main interest rate to 0.1%, the lowest level since its founding in 1694, and reactivated...