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Greece says bailout deal close, but will not accept ‘illogical’ demands

By Karolina Tagaris ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Saturday he believed the country's drawn-out bailout review would be completed positively but repeated that Athens would not accept “illogical” demands by its lenders. Greece and its international lenders made clear progress on Friday toward bridging differences over its fiscal path in coming years, moving closer to a deal that …

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Greece says bailout deal close, but will not accept ‘illogical’ demands

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

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Fed likely to keep rates steady as it awaits Trump economic plan

By Lindsay Dunsmuir WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised a large infrastructure spending program, tax cuts, a rollback of regulations and a renegotiation of trade deals but has offered few details or a timeline for their roll out…

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Fed likely to keep rates steady as it awaits Trump economic plan

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Samsung chief questioned behind closed doors in arrest warrant hearing

A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. Lee, 48, in dark overcoat and purple necktie, did …

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Samsung chief questioned behind closed doors in arrest warrant hearing

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Brainard joins Fed chorus warning about fiscal stimulus risks

A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. “If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid,” Fed Governor Lael Brainard said at an event…

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Brainard joins Fed chorus warning about fiscal stimulus risks

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Obama officials work against time to wrap banking rules

U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing the new administration to block or roll back many of the last-minute changes. Some rules are meant to flesh out the Dodd Frank Act of 2010 designed to …

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Obama officials work against time to wrap banking rules

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Fed keeps interest rates unchanged, signals fewer future hikes

By Jason Lange and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years. Only one Fed policymaker had done so when economic forecasts were last issued in March. A sharp slowdown in U.S. hiring in

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Fed keeps interest rates unchanged, signals fewer future hikes

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Fed’s Yellen sees rate hikes, mostly good economic picture

Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States, though last month's weak jobs report bears watching. “If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives

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Fed’s Yellen sees rate hikes, mostly good economic picture

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Fed signals no rush to hike rates as economy hits soft patch

The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy. “The committee continues to closely monitor inflation indicators and global economic and financial developments,” the Fed said following a two-day meeting. Fed policymakers in March forecast two hikes

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Fed signals no rush to hike rates as economy hits soft patch

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Fed’s Williams eyes two 2016 rate hikes: Fox Business Network

San Francisco Fed President John Williams said Thursday that at least two interest-rate hikes this year is the “right course” so long as the U.S. economy continues to grow, businesses add jobs, and inflation picks up as he expects. “If the …

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Fed’s Williams eyes two 2016 rate hikes: Fox Business Network

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