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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

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

The United States Federal Reserve announces that it is raising interest rates by 0.5%, which is the largest interest rate hike since 2000, in order to combat growing inflation.
2022-05-4

The Russian Foreign Minister says that Moscow will ask ten U.S. diplomats to leave Russia in retaliation to expulsions of Russian diplomats ordered by the United States yesterday.
2021-04-16

Myanmar reports the country's first confirmed cases of COVID-19, the patients are a 36-year-old who had travelled back from the United States and a 26-year-old returning from the United Kingdom. Panic buying is reported in the country's largest city, Yangon.
2020-03-23

Robert Kaplan, head of the Federal Reserve Bank of Dallas, says that low bond yields suggest sluggish growth ahead for the economy of the United States.
2017-06-20

According to South Korea's Yonhap news agency, North Korea appears to be preparing a test-launch of an intermediate-range ballistic missile. This comes after what the United States described as the "fiery, catastrophic" failure of the first attempt a few days prior.
2016-04-26

Ben Bernanke, the Chair of the Federal Reserve, says the United States Federal Reserve is prepared to act against the prospects of deflation but expects economic growth to continue during the latter half of 2010 "albeit at a relatively modest pace."
2010-08-27

A spokesman for U.S. President Barack Obama expresses the administration's support for a second term for the incumbent Chairman of the Federal Reserve, Ben Bernanke, and says lawmakers would send a bad message by "playing politics in any way" with Bernanke's confirmation.
2010-01-24