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Trump choice of Herman Cain for Fed board could face hurdles

WASHINGTON — President Donald Trump said Thursday that he intends to nominate Herman Cain, a conservative political ally and former presidential candidate, …

Kudlow calls for one half point rate cut by Fed

WASHINGTON – A top Trump administration official on Friday called on the Federal Reserve to cut its key interest rate …

Powell says Fed likely to end bond trimming by end of 2019

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is close to announcing a plan to end …

Fed’s Powell predicts solid but slower growth in 2019

WASHINGTON — Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, …

World Bank President Jim Yong Kim announces his departure

WASHINGTON — Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of …

Prospect of Trump Xi talks raises hope for thaw in trade war

BEIJING — With China and the United States opening the door to a meeting next month between Presidents Xi Jinping …

Fed seems poised to raise rates for a 3rd time this year

WASHINGTON — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly …

Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, …

Business economists worry about possible recession in 2020

WASHINGTON — A group of top business economists believes the major tax cuts President Donald Trump pushed through Congress will give a …

Mnuchin expresses optimism trade standoffs can be resolved

WASHINGTON — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could …

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