ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has confirmed that he fired the central bank chief over his refusal to cut interest rates.

ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central...

ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn.

Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a...

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US adds solid 224,000 jobs, making Fed rate cut less certain

WASHINGTON (AP) — The strength of the jobs report the government issued Friday could complicate a decision for the...

WASHINGTON (AP) — The Federal Reserve on Friday repeated its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed...

CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy.

NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):

3:10 p.m.

Federal Reserve Chairman Jerome Powell is downplaying the possibility that...

LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited a run of interest rate decisions, notably from the U.S. Federal Reserve, and more clarity over the...

VILNIUS, Lithuania (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

4:25 p.m.

European Central Bank President Mario Draghi said the bank is...

NEW DELHI (AP) — India's central bank on Thursday cut its key interest rate by a quarter of a percentage point to 5.75% with immediate effect to fortify the economy as consumer spending and...

WASHINGTON (AP) — Consumer spending slowed in April while inflation was up, but still far below the target set by the Federal Reserve.

The Commerce Department said Friday that spending...

FRANKFURT, Germany (AP) — Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise...

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):

3:40 p.m.

Federal Reserve Chairman Jerome Powell says the central bank is a...

WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of...

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

2:45 p.m.

European Central Bank President Mario Draghi says that "global...

FRANKFURT, Germany (AP) — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said...

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):

3:15 p.m.

Federal Reserve Chairman Jerome Powell says rising levels of federal debt are...

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

2:45 p.m.

The European Central Bank has slashed its forecast for economic...

WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining...

NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track.

The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help borrowers but can also spur inflation.

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):

3:15 p.m.

Federal Reserve Chair Jerome Powell says that he would need to see a jump in inflation in order to raise a benchmark interest rate.

BEIJING (AP) — China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S.

SINGAPORE (AP) — Asian markets bounced back from slight early losses on Tuesday after senior economic officials said Beijing will cut taxes and keep monetary policy flexible to help weather China's slowdown.

NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):

3:35 p.m.

Federal Reserve Chairman Jerome Powell says that future interest rate decisions will likely depend more on newly released economic data than in the recent past. This would allow the Fed greater flexibility but could lead to more uncertainty in financial markets.

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

2:55 p.m.

European Central Bank President Mario Draghi says strong domestic demand and low interest rates are supporting the economy in Europe despite a recent moderation in growth.

Draghi said at a news conference Thursday that "the underlying strength of domestic demand continues to underpin the eurozone expansion."

WASHINGTON (AP) — The Federal Reserve announced Thursday that it plans to conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability.

The Fed said the review will also examine ways it communicates with the public.

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):

4:00 p.m.

Stocks didn't manage to hold on to their gains and closed lower on Wall Street, even after the Federal Reserve said the economy was on strong enough footing to take another interest rate increase.

The Fed, as expected, raised its benchmark rate by a quarter-point and indicated another increase this year is likely. The Fed raises rates when the economy is growing to keep inflation in check.

WASHINGTON (AP) — President Donald Trump is set to nominate former Federal Reserve economist Nellie Liang to the central bank's board of governors, tapping an official who played a key role at the Fed in dealing with the aftermath of the 2008 financial crisis.

White House spokeswoman Lindsay Walters confirmed the president's intention, which was first reported Wednesday by The Wall Street Journal.

JACKSON, Miss. (AP) — Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he believes growth remains strong despite uncertainty over trade tensions, and he expects interest rates to continue to rise to a point where they neither stimulate nor slow the economy.

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

3:00 p.m.

European Central Bank President Mario Draghi says that trade conflicts are "the major source of uncertainty" for the global economy.

Draghi says increased tariffs coming about as part of a trade war could affect the economy by affecting business confidence and today's complex value chains between companies across borders.

ANKARA, Turkey (AP) — Turkey's central bank said Monday it would adjust its monetary policy this month, raising hopes it will finally increase interest rates, as independent experts say it should do to keep the currency from falling and fueling a financial crisis.

The bank's decision came after official figures showed that the annual inflation rate in Turkey jumped to 17.9 percent in August from 16 percent in July. That's the highest since 2003, when President Recep Tayyip Erdogan came to power.

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Tuesday called Federal Reserve Chairman Jerome Powell a "phenomenal leader." His comments marked the administration's first praise of the central bank since a barrage of criticism by President Donald Trump.

WASHINGTON (AP) — Two top Federal Reserve officials said Thursday that President Donald Trump's complaints that the Fed's interest rate increases risk hurting the U.S. economy won't affect their decisions on whether to raise rates.

LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit.

LONDON (AP) — The Latest on the Bank of England's monetary policy announcement (all times local):

12:00 p.m.

The Bank of England has raised its main interest rate for only the second time since the economic crisis of 20008.

The bank's Monetary Policy Committee voted Thursday to increase the rate by a quarter point to 0.75 percent despite growing concern about the lack of progress in Brexit talks.

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

2:45 p.m.

The head of the European Central Bank says the agreement struck between the European Union and the U.S. to defuse trade tensions is "a good sign."

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's congressional appearance to deliver the Fed's semi-annual monetary policy report. (all times local)

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11:50 a.m.

Powell is getting praise from lawmakers for his efforts to avoid economic jargon in explaining what the Federal Reserve is trying to do to manage the economy and also for pushing for more openness at the central bank.

Powell tells lawmakers, "We have this precious grant on independence. We have to earn it."

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they lead to permanently higher tariffs.

WASHINGTON (AP) — The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth.

RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

4:30 p.m.

In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible.

Mario Draghi said Thursday that "it doesn't pay at all to discuss the existence of something that's irreversible. It can only create damages."

FRANKFURT, Germany (AP) — The European Central Bank will on Thursday weigh when and how to end its bond-buying stimulus program — an exit that will have far-reaching consequences across the economy, from long-suffering savers to Europe's indebted governments.

ANKARA, Turkey (AP) — Under pressure to act, Turkey's central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency.

WASHINGTON (AP) — Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged support Tuesday for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence.

LONDON (AP) — Just weeks after hinting it would raise interest rates, the Bank of England held off doing so Thursday, arguing it was best to wait after an unexpected spell of wintry weather hurt economic growth.

WASHINGTON (AP) — Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday.

In remarks prepared for a financial conference in Zurich, Powell said that the role U.S. monetary policy plays in driving global financial conditions and capital flows is often exaggerated.

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

4:40 p.m.

European Central Bank President Mario Draghi says recent data point to "some moderation" in economic growth in the 19-country eurozone.

But he said the recent indicators are still "consistent with a broad-based expansion" in the bloc.

Draghi spoke Thursday after the central bank's governing council left its key interest rates and monetary stimulus settings unchanged.

WELLINGTON, New Zealand (AP) — New Zealand's central bank said Monday it will consider employment as well as inflation when setting interest rates and making other monetary policy decisions.

The Reserve Bank has aimed to keep inflation under control at about 2 percent. Now the bank will also aim to maximize sustainable employment. The dual mandate is similar to the mandates of the U.S. Federal Reserve and some other central banks.