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.

LONDON (AP) — The Bank of England has kept the door open to another interest rate hike in May to keep a lid on inflation pressures stemming from rising wages rather than from a Brexit-related fall in the pound.

While maintaining its benchmark rate at 0.5 percent Thursday, the bank said rate increases are likely this year. The minutes to the meeting showed that two of the nine members on the Monetary Policy Committee backed an immediate quarter-point increase to 0.75 percent.

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

12:40 p.m.

The British pound has remained firm after minutes to the Bank of England's rate-setting meeting kept the prospect of another rate hike in May on the table.

The currency, which has rallied lately on expectations of a May rate hike, was up another 0.1 percent at $1.4149.

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

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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.

MEXICO CITY (AP) — Mexico recorded 6.77 percent annual inflation in 2017, the country said Tuesday, more than double its 3 percent target and a 17-year high.

The government's National Institute of Statistics and Geography published the widely expected figure, also saying that consumer prices rose 0.59 percent in December.

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.