Fed’s Mester, who warned of inflation risks, says current policy ‘well calibrated’
Cleveland Federal Reserve Bank President Loretta Mester, among the Fed policymakers most concerned that easy monetary policy would risk excessive inflation, said on Friday she...
Fed may need new approach to boost inflation, Daly says
The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may...
Fed policymakers broadly see eye to eye on 2020 outlook
Federal Reserve policymakers who last year were frequently at odds over where to set U.S. borrowing costs opened 2020 telegraphing confidence in the state of...
Police body camera maker Axon sues U.S. FTC over antitrust litigation
Axon Enterprise Inc on Friday sued the U.S. Federal Trade Commission in a bid to have antitrust proceedings over an acquisition heard in a federal...
Exxon signals fourth quarter weakness in chemicals and refining, offset by asset sale
Exxon Mobil Corp’s fourth quarter operating results will decline from a year ago due to weakness in chemicals and refining, according to a regulatory filing...
FTC challenges police body camera maker Axon’s acquisition of rival Vievu
The Federal Trade Commission (FTC) on Friday challenged police body camera maker Axon Enterprise Inc’s completed acquisition of rival Vievu, saying it allowed the company...
S&P 500 snaps win streak as Middle East tensions push down Wall Street
Wall Street’s major indexes fell from record highs on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East and...
Exclusive: Weakened by sanctions, Venezuela’s PDVSA cedes oilfield operations to foreign firms
Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles due to sanctions,...
Fed officials kick off 2020 with optimistic view of U.S. economy
Top U.S. Federal Reserve officials struck upbeat tones about the economy on Friday, a confidence reflected in a record of their latest meeting that signaled...
Fed may need new framework to boost inflation to 2%
The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may...