As Recession Signs Emerge, Federal Reserve Could Turn Even More Dovish

As Recession Signs Emerge, Federal Reserve Could Turn Even More Dovish

The Federal Reserve, led by Chairman Jerome Powell, said last week it will hold interest rates steady while waiting for signs that the economy is stabilizing. But traders and economists at Bank of America say the Fed could loosen monetary conditions more than previously expected, leading to an acceleration in growth and a reversal of a growing number of recent indicators pointing to recession.

Federal Reserve Signals Easier Path on Monetary Policy as Economy Slows

Federal Reserve Signals Easier Path on Monetary Policy as Economy Slows

The Federal Reserve, led by Chairman Jerome Powell, said it will hold interest rates steady in their current range from 2.25% to 2.5%, while waiting for signs that the economy is stabilizing.

For Federal Reserve, Inaction Is Best Policy as Economy Nears Juncture

For Federal Reserve, Inaction Is Best Policy as Economy Nears Juncture

The Federal Reserve, led by Chairman Jerome Powell, is widely expected to leave interest rates unchanged at its meeting this week.

2019 Is the Year of the Debt Diet

2019 Is the Year of the Debt Diet

Fear-mongering over risk of BBB credits was immensely exaggerated and hurt many people's returns.

Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Waters Tells CEO

Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Waters Tells CEO

Wells Fargo CEO Tim Sloan appeared Tuesday before the U.S. House of Representatives' Financial Services Committee for the first time since Democrats, who are typically more critical of big banks than Republicans, took control of the chamber in last November's elections. The panel's leader, Congresswoman Maxine Waters of Southern California, scolded Sloan, but so did Republicans on the committee.

Wells Fargo CEO Sloan Faces Lashing in Congress - From a New Tormentor

Wells Fargo CEO Sloan Faces Lashing in Congress - From a New Tormentor

Wells Fargo CEO Tim Sloan is scheduled to appear Tuesday before the U.S. House of Representatives' Financial Services Committee for the first time since Democrats, who are typically more critical of big banks than Republicans, took control of the chamber in last November's elections. The panel is led by Congresswoman Maxine Waters of Southern California, where some of Wells Fargo's recent scandals originated.

As Fed Tries to Reheat Economy, Consumers See Inflation Falling

As Fed Tries to Reheat Economy, Consumers See Inflation Falling

A new survey from the Federal Reserve Bank of New York shows that consumers see inflation declining in the years ahead. Federal Reserve officials recently have said they see falling inflation as a sign of a weakening economy.

Fed's Powell Embraces Reality of 'Untried' Monetary Policies in New Era

Fed's Powell Embraces Reality of 'Untried' Monetary Policies in New Era

Federal Reserve Chairman Jerome Powell told economists that none of the central bank's efforts to 'normalize' monetary policy over a decade after the 2008 financial crisis had been previously tested.

U.S. Economy Adds 20,000 Jobs in February, Far Fewer Than Expected

U.S. Economy Adds 20,000 Jobs in February, Far Fewer Than Expected

A monthly report on February jobs shows that nonfarm employers added 20,000 jobs during the month, down from 304,000 the prior month.

Citigroup CEO Gets Pay Raise of 4.3%, Smallest on Wall Street

Citigroup CEO Gets Pay Raise of 4.3%, Smallest on Wall Street

Citigroup CEO Michael Corbat got a 4.3% pay raise to $24 million, as the bank's board gave him an overall report card tantamount to a B-minus.