Central banking

Protesters march during a demonstration against a security law that would restrict sharing images of police, Saturday, Nov. 28, 2020 in Paris. Civil liberties groups and journalists are concerned that the measure will stymie press freedoms and allow police brutality to go undiscovered and unpunished. The cause has gained fresh impetus in recent days after footage emerged of French police officers beating up a Black man, triggering a nationwide outcry. (AP Photo/Francois Mori)
November 28, 2020 - 1:34 pm
PARIS (AP) — Tens of thousands of critics of a proposed security law that would restrict the filming of police officers protested across France on Saturday, and officers in Paris who were advised to behave responsibly during the demonstrations repeatedly fired tear gas to disperse rowdy protesters...
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A home for sale with a "Sold" sign attached is viewed Monday, Oct. 12, 2020, in Miami Beach, Fla. U.S. long-term mortgage rates remained at record lows this week as the coronavirus pandemic continues to threaten the economy. (AP Photo/Wilfredo Lee)
November 25, 2020 - 5:33 pm
WASHINGTON (AP) — U.S. long-term mortgage rates remained at record lows this week as the coronavirus pandemic continues to threaten the economy. Mortgage finance giant Freddie Mac reported Wednesday that the average rate on the 30-year fixed-rate home loan was unchanged this week from a record low...
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FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. The Fed on Wednesday, Nov. 25, released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.” (Drew Angerer/Pool via AP, file)
November 25, 2020 - 3:55 pm
WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 24, 2020 - 12:01 am
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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FILE - In this Sept. 24, 2020 file photo, Federal Reserve Chair Jerome Powell, right, and Treasury Secretary Steve Mnuchin testify during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Capitol Hill, in Washington. Mnuchin on Friday, Nov. 20 denied that he is trying to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve. Mnuchin said his decision was based on the fact that the programs were not being heavily utilized and the money could be better used by being re-allocated by Congress to provide support in other areas such as further grants to small businesses and extended unemployment assistance. (Toni L. Sandys/The Washington Post via AP, Pool)
November 20, 2020 - 6:18 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden's options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve. Mnuchin said the programs were not being...
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FILE - In this Monday, Sept. 21, 2020 file photo, Treasury Secretary Steve Mnuchin speaks during a news conference to announce the Trump administration's restoration of sanctions on Iran at the U.S. State Department in Washington. Treasury Secretary Steven Mnuchin said Thursday, Nov. 19, 2020 he will not to extend several emergency loan programs set up with the Federal Reserve to support the economy in the midst of the coronavirus pandemic.(AP Photo/Patrick Semansky, File)
November 19, 2020 - 6:45 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve to support the economy in the midst of the coronavirus pandemic. The decision drew a terse rebuke from the Fed. The central bank said it “would prefer...
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FILE - In this Feb. 13, 2020 file photo, President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington. President Donald Trump's controversial nominee to the Federal Reserve is facing a razor-close vote in Congress. The Senate is voting Tuesday on the nomination of Judy Shelton to join the Federal Reserve's powerful board of governors. Shelton is an unusually caustic critic of the Fed and is opposed by three Republican senators. Expected absences from two other Republicans could block her from advancing in Tuesday’s vote. (AP Photo/J. Scott Applewhite, File)
November 18, 2020 - 12:05 pm
WASHINGTON (AP) — The nomination of Judy Shelton, President Donald Trump's controversial pick for the Federal Reserve, is stalled in the Senate after Vice President-elect Kamala Harris returned to the chamber to cast a key vote in a tally Tuesday. Two key Republicans were absent because of COVID-...
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FILE- In this June 14, 2018, file photo Federal Reserve Board Governor Lael Brainard participates in an open meeting in Washington. Brainard, a Federal Reserve official widely considered a front-runner to be tapped as President-elect Joe Biden's Treasury Secretary, is urging universities and government agencies to make the field of economics more inclusive. Brainard, a member of the Federal Reserve’s board of governors, noted Tuesday, Nov. 17, 2020, that the economics field is less diverse than other professions, such as law and medicine. (AP Photo/Cliff Owen, File)
November 17, 2020 - 1:51 pm
WASHINGTON (AP) — A Federal Reserve official widely considered a front-runner to be tapped as President-elect Joe Biden's Treasury Secretary is urging universities and government agencies to make the field of economics more inclusive. Lael Brainard, a member of the Federal Reserve’s board of...
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The buildings of the banking district are seen under a red sky before sunrise in Frankfurt, Germany, early Saturday, Nov. 7, 2020. (AP Photo/Michael Probst)
November 11, 2020 - 9:32 am
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-and-start” recovery despite good news about potential vaccines. The top central banker for the 19 European Union countries that use the euro currency said that...
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FILE - In this Friday, Aug. 10, 2018 file photo, Berat Albayrak, Turkey's Treasury and Finance Minister, wipes his forehead as he talks during a conference to ease investor concerns about Turkey's economic policy. Albayrak, announced his resignation on social media Sunday, Nov. 8, 2020. He said on Instagram that he was stepping down from his post for health reasons and would spend more time with his family. Albayrak, 42, was appointed minister of finance and treasury in July 2018, having previously been energy minister for nearly three years. (AP Photo/Mucahid Yapici, File)
November 09, 2020 - 3:25 pm
ANKARA, Turkey (AP) — President Recep Tayyip Erdogan has accepted the resignation of his son-in-law from the position of finance minister, the Turkish leader's office announced Monday. A statement from his office said Erdogan has accepted Berat Albayrak's request “to be excused from his duties” but...
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