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Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most “hawkish” members in favor of tighter policy, Bullard said a […]
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Senate passes ban on Russian oil and gas imports
Rail wagons for oil, fuel and liquefied gas cargo stand in sidings at Yanichkino railway station, close to the Gazprom Neft PJSC Moscow refinery in Moscow, Russia, on Monday, April 27, 2020. Andrey Rudakov | Bloomberg | Getty Images WASHINGTON — The Senate on Thursday passed a bill to ban imports of oil and gas […]
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UN votes to remove Russia from Human Rights Council
Russia’s UN Ambassador, Vassily Nebenzia, speaks at a meeting of the UN Security Council on threats to international peace and security, March 18, 2022, in New York. Timothy A. Clary | AFP | Getty Images WASHINGTON — The United Nations suspended Russia from its seat on the Human Rights Council on Thursday as the world calls […]
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Ukraine asks NATO for ‘weapons, weapons and weapons’; Shell reveals financial hit of leaving Russia. Follow our live updates
Ukrainianian foreign minister’s request to NATO: ‘Weapons, weapons, and weapons’ Ukrainian Foreign Minister Dmytro Kuleba met with G7 and NATO members on Thursday in a bid to gather more support for his country’s fight against Russia. “I came here today to discuss three most important things: weapons, weapons, and weapons. Ukraine’s urgent needs, the sustainability […]
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Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at the March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
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U.S. charges Russian oligarch with Ukraine-related sanction violations
U.S. Attorney General Merrick Garland announces a federal investigation of the City of Phoenix and the Phoenix Police Department during a news conference at the Department of Justice on August 05, 2021 in Washington, DC. Kevin Dietsch | Getty Images WASHINGTON — The Justice Department on Wednesday announced the first known criminal charge against a Russian […]
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Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022. Tom Brenner | Reuters Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine could cause a major hit to the global economy. “Russia’s […]
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U.S. sanctions Putin’s adult children, bans all new investment in Russia
Russian President Vladimir Putin chairs a meeting on agriculture via a video link at the Novo-Ogaryovo state residence outside Moscow on April 5, 2022. Mikhail Klimentyev | AFP | Getty Images WASHINGTON — The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the […]
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Watch Treasury Secretary Janet Yellen speak live on the global financial system
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance. In remarks prepared for the hearing, Yellen in particular noted the impact […]
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Russia faces new raft of sanctions; Boris Johnson calls on Russians to ‘find the truth’
Hungary’s government summons Ukraine ambassador over ‘insults’ Hungary’s Ministry of Foreign Affairs summoned Ukraine’s ambassador for what it said was insults from Kyiv over Hungary’s position on the Russian invasion. Hungarian Foreign Minister Peter Szijjarto demanded that Ukrainian leaders “stop their insults directed at Hungary and acknowledge the will of the Hungarian people,” referencing President […]
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