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.

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.

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.

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.

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

___

3:55 p.m.

New Fed chairman Jerome Powell's first press conference clocked in at about 45 minutes, shorter than his predecessor Janet Yellen, who typically went for about an hour.

Powell took plenty of questions, but his answers were shorter than Yellen's, who frequently gave careful, economically complex responses that sometimes seemed intended to run out the clock.

TOKYO (AP) — The Bank of Japan opted Tuesday to keep intact its unprecedented monetary stimulus despite an uptick in growth, sticking with its massive asset purchases and a negative interest rate policy aimed at spurring inflation.

The U.S. Federal Reserve and European Central Bank, among other central banks, have begun tightening stimulus unleashed to counter the fallout from the global financial crisis.

FRANKFURT, Germany (AP) — Top officials at the European Central Bank may revise the outlook for their massive monetary stimulus program early this year, according to an account of their last meeting.

The report published Thursday showed the officials remained wary at their Dec. 14 meeting of prematurely signaling an expected exit from the bond-buying program, which is credited with accelerating an economic recovery in the 19 countries that use the euro currency.

TOKYO (AP) — Japan's central bank opted Thursday to keep its ultra-lax monetary policy unchanged, saying rising private consumption, exports and business investment were signs that a moderate recovery has taken hold.

In a policy statement, the BOJ said it is committed to its nearly five-year-old 2 percent inflation target, but deemed inflation expectations to be in a "weakening phase." It forecast that inflation would likely gradually rise thanks to tightening capacity.

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

3:30 p.m.

European Central Bank President Mario Draghi says the bank's governing council "never discussed" whether the current bond-buying stimulus program would come to a sudden stop when the time comes to end it.

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

11:15 a.m.

The People's Bank of China says it is responding to market forces by raising the rate charged by its one-year lending facility by 0.05 percentage points to 3.25 percent. Rates paid on bank reserves rose Thursday by a similar margin.

There was no change in the rates for borrowing by companies and the public and for deposits.

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the biggest challenge facing the central bank in coming years will be to craft an interest rate policy that avoids putting the economy through a "boom-bust" cycle.

WASHINGTON (AP) — Janet Yellen submitted her resignation from the Federal Reserve board to President Donald Trump on Monday, announcing that she will leave when her successor is sworn in as Fed chairman.

In a letter to the president, Yellen said she would her "utmost" to ensure a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed leader after the president decided not to offer Yellen a second term.

WASHINGTON (AP) — As a choice to lead the Federal Reserve, Jerome Powell defies any recent mold.

He isn't a trained economist. He's produced no trail of research. He built a fortune as an investment manager.

Yet by the reckoning of Fed analysts — those who know him and those who don't — Powell is equipped to lead the world's most influential central bank, presiding over a U.S. economy on solid ground but hardly without risks.

WASHINGTON (AP) — As a choice to lead the Federal Reserve, Jerome Powell defies any recent mold.

He isn't a trained economist. He's produced no trail of research. He built a fortune as an investment manager.

Yet by the reckoning of Fed analysts — those who know him and those who don't — Powell is equipped to lead the world's most influential central bank, presiding over a U.S. economy on solid ground but hardly without risks.