Central banking

A man looks at an electronic board displaying stock prices at a brokerage house in Beijing, Wednesday, April 24, 2019. Shares were mostly lower in Asia on Wednesday despite the S&P 500’s all-time record high close the day before. (AP Photo/Andy Wong)
April 24, 2019 - 1:08 am
BANGKOK (AP) — Shares were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam. Japan's Nikkei 225 index lost 0.6% to 22,136.56 and the Hang Seng in Hong Kong fell 0.9% to 29,707.64. The Shanghai Composite index...
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FILE - In this March 12, 2019, file photo, trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File)
April 23, 2019 - 7:54 pm
The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
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FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. Trump says Herman Cain withdraws from consideration for Fed seat amid focus on past allegations. (AP Photo/Molly Riley, File)
April 22, 2019 - 12:47 pm
WASHINGTON (AP) — President Donald Trump said Monday that Herman Cain has withdrawn from consideration for a seat on the Federal Reserve's board amid a focus on past scandals. Cain is a former CEO of Godfather's Pizza who dropped out of the 2012 presidential race amid allegations of sexual...
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FILE - In this March 26, 2019 file photo, an evening commuter is silhouetted against the glistening New York City skyline at sunset as he walks along Hudson River shoreline in Jersey City, N.J. On Wednesday, April 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/J. David Ake, File)
April 17, 2019 - 2:45 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest. In its latest report on economic conditions around the country, the Fed said that some...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, April 15, 2019. Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. (AP Photo/Vincent Yu)
April 15, 2019 - 11:00 pm
TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index added 0.2% to 22,208.70. China's Shanghai Composite index lost 0.6% to 3,158.76 and the Hang Seng index in Hong Kong lost 0.3% to 29,736.05. South Korea's...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 14, 2019 - 12:44 am
WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation...
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Japan's Finance Minister Taro Aso, speaks during a G20 news conference, at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 12, 2019 - 3:58 pm
WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of...
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FILE- In this March 20, 2019, file photo Federal Reserve Chair Jerome Powell listens to a reporter's question during a news conference in Washington. On Wednesday, April 10, the Federal Reserve releases minutes from its March meeting when it left rates unchanged. (AP Photo/Susan Walsh, File)
April 10, 2019 - 2:27 pm
WASHINGTON (AP) — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed's benchmark policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to...
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FILE- In this Feb. 12, 2019, file photo specialist Patrick King, left, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, April 10. (AP Photo/Richard Drew, File)
April 10, 2019 - 1:44 pm
U.S. stocks moved broadly higher in afternoon trading Wednesday on Wall Street, reversing course from a downturn a day earlier that ended an eight-day winning streak. Technology and health care companies led the gains. Microsoft rose 0.5% and Cisco systems added 0.7%. Drug developer Gilead Sciences...
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April 10, 2019 - 11:57 am
WASHINGTON (AP) — President Donald Trump says that former GOP presidential candidate Herman Cain is a "wonderful man," but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve's seven-member board. Asked by reporters Wednesday if the nomination was safe,...
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