US Federal Reserve Chairman Ben Bernanke says the central bank's stimulus program will remain in place, in spite of expectations the Fed would begin tapering its spending. It's hoped the move will help boost economic recovery.
The third increase in US interest rates this year was widely expected. But as Fed chair Janet Yellen is about to leave office, questions about the central bank's future rate policy in the Trump era are emerging.
The US central bank's first female chief is planning to step down from it's governing board. Janet Yellen said in a letter to President Trump that she was "gratified" to leave with the US on firmer financial footing.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
US President Trump is turning the announcement of a new Federal Reserve head into a reality TV experience like his show The Apprentice. But is it just a distraction from other problems? Jens Korte reports from New York.
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