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U.S. Treasury Secretary Janet Yellen announces that the Treasury Department has imposed sanctions against Russia's third-largest bank Gazprombank and its subsidiaries.
2024-11-21

United States Chair of the Federal Reserve Jerome Powell states that increased unemployment rates and labor market cooling has made it necessary for the Federal Reserve to markedly reduce interest rates in the near future.
2024-08-23

American senator Bob Menendez is found guilty on all counts, including acting as a foreign agent, in a federal corruption trial.
2024-07-16

The Federal Reserve raises its benchmark interest rate by 0.75 percentage point, to 3.75%, the highest rate since January 2008, amid surging inflation in the United States. Federal Reserve chairman Jerome Powell warns that further rate increases are likely.
2022-11-2

The Federal Reserve raises its benchmark interest rate by 0.75% to a target range of between 1.5% and 1.75% amid surging inflation. It is the largest interest rate increase in the United States since 1994.
2022-06-15

Asian markets fall substantially and European markets open with huge losses. S&P futures fall 5%, triggering a trading halt in response to the Federal Reserve's emergency measures.
2020-03-16

Sources indicate that Stanley Fischer, former head of the central bank of Israel, is the front runner to become the new Vice Chair of the U.S. Federal Reserve as Janet Yellen ascends to the Chair.
2013-12-11

U.S. President Barack Obama nominates Janet Yellen to become the next chair of the Federal Reserve after Ben Bernanke leaves that office.
2013-10-9

The President of the Federal Reserve Bank of St. Louis, James Bullard, says that the continued purchase of U.S. Treasuries by the Federal Reserve is "feeding the fire" of inflation, and should be tapered off.
2011-03-29

Paul Volcker steps down as the head of U.S. President Barack Obama's advisory panel, the Economic Recovery Advisory Board. Volcker, a former chairman of the Federal Reserve, was the guiding force behind recent legislation pressing investment banks to spin off their proprietary trading and branded hedge funds.
2011-01-21