Tag: reserves
Why the Federal Reserve’s building renovations are attracting the White House’s ire
Scott Horsley A multi-billion dollar makeover of the Federal Reserve’s offices in Washington, D.C., has become the latest skirmish in an ongoing battle between the White House and the central bank. The cost of the building project has soared from $1.9 billion to $2.5 billion in recent years. That’s become a new line of attack…
Suriname expected to elect first female president amid discovery of oil reserves
Jennifer Geerlings-Simons, 71, will run unopposed as one of the poorest countries in the region eyes billions of dollars Suriname is expected to elect its first female president this Sunday, the congresswoman and physician Jennifer Geerlings-Simons, 71, who will run unopposed after the ruling party decided not to field a candidate. Geerlings-Simons will succeed current…
Federal Reserve’s Jerome Powell says there’s no need to rush on interest rate cuts
Scott Horsley Don’t expect interest rates to fall any time soon. Federal Reserve Chair Jerome Powell told a Senate Committee Tuesday that with a strong job market and with inflation still elevated, he and his colleagues “do not need to be in a hurry” to cut interest rates. Powell also fielded questions about President Trump’s…