Fed’s Powell declines to say if he would remain after chair term expires
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief…
Economy
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Morning Bid: Powell says no rush needed on more rate cuts
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. A warm reading on U.S. producer price inflation in October and hawkish comments by Federal Reserve…
US Postal Service warns it must continue cost cuts or remains on path to possible bailout
WASHINGTON (Reuters) – The U.S. Postal Service said Thursday it must continue to cut costs in the face of continuing red ink or will remain on the path to either…
OpenAI and rivals seek new path to smarter AI as current methods hit limitations
(Refiles to fix formatting, no change to content of story) By Krystal Hu and Anna Tong (Reuters) -Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges…
Fed has time to see what Trump policies mean for the economy, Powell says
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to…
Cuba sees growth unlikely in 2024 as hurricanes, earthquakes rattle economy
By Nelson Acosta HAVANA (Reuters) – Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state-run economy struggles to…
Powell says no need for Fed to rush rate cuts given strong economy
By Ann Saphir and Howard Schneider DALLAS (Reuters) -Ongoing economic growth, a solid job market, and inflation that remains above the 2% target mean the U.S. central bank does not…
Fed doesn’t need to be in hurry to cut rates as economic strength persists: Powell
Investing.com — Federal Reserve Chairman Jerome Powell said Thursday that economy isn’t signalling a need for speed on rate cuts as the recent strength allows the Fed to take a…
US Treasury finds no currency manipulation in final Biden-era foreign exchange report
By David Lawder WASHINGTON (Reuters) – No major U.S. trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration’s…
Crisis-era regulation has ‘gone too far’, Reeves tells UK finance sector
By Sinead Cruise LONDON (Reuters) – Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said has shackled the City’s…