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Business News > Mint Authors > Craig Torres

Craig Torres

ARTICLES BY CRAIG TORRES

The FOMC decided to maintain the target range for its benchmark policy rate at zero to 0.25%. (AP)

Fed to start tapering asset buys by $15 billion later this month

2 min read . 04 Nov 2021

Fed minutes also showed that most participants 'judged that it could be appropriate to start reducing the pace of asset purchases this year. (Photo: AP)

Fed minutes show most officials see taper starting this year

4 min read . 19 Aug 2021

Aa file photo of US Federal Reserve Chairman Jerome Powell (Photo: Reuters)

Fed chief Powell says inflation from reopening larger than expected

1 min read . 23 Jun 2021

Chair of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing in Washington on December 1, 2020 (file photo) (REUTERS)

Jerome Powell vows to get US back to a 'great economy', plays down inflation

2 min read . 09 Apr 2021

A file photo of Federal Reserve chairman Jerome Powell

Fed chief Jerome Powell signals openness to rate cut as uncertainty dims outlook

3 min read . 10 Jul 2019

Jerome Powell, chairperson of the US Federal Reserve. The vote for an interest rate hike to 1.5% to 1.75% was a unanimous 8-0. Photo: Bloomberg

US Fed goes for 25bps rate hike in Jerome Powell’s 1st meeting as chairman

3 min read . 22 Mar 2018

New US Fed chairman Jerome Powell. Photo: AP

Jerome Powell sees gradual US Fed rate hikes amid strong US growth outlook

2 min read . 28 Feb 2018

A file photo of Federal Reserve chair Janet Yellen. Her last working day will be Friday. Photo: AP

Janet Yellen, Fed’s first woman chair, gets emotional farewell

1 min read . 02 Feb 2018

Jerome Powell was picked by President Donald Trump to replace Fed Chair Janet Yellen when her term ends in February. Photo: Reuters

Jerome Powell says case for US Fed rate hike in December ‘coming together’

1 min read . 28 Nov 2017

Jenet Yellen is the first Fed chair since G. William Miller in 1979 not to be reappointed to another four-year term. Photo: AFP

Donald Trump passes over ‘excellent’ Jenet Yellen after just one term at Fed

4 min read . 02 Nov 2017

Under Jenet Yellen, the Federal Open Market Committee has raised the benchmark lending rate just four times since December 2015 to a range of 1-1.25%. Photo: Reuters

It’s going to stay a Janet Yellen Fed no matter who gets the job

4 min read . 27 Oct 2017

US President Donald Trump gushed about Stanford University economist John Taylor, a candidate for Federal Reserve chairman, after his interview. Photo: Reuters

John Taylor said to impress Trump for Fed chair as Kevin Warsh slips

3 min read . 17 Oct 2017

US President Donald Trump has said he’ll make a decision within weeks. Photo: Reuters (Reuters)

Donald Trump said to meet with economist John Taylor in Fed search

1 min read . 12 Oct 2017

Trump has spoken favourably of Yellen, a Democrat whose candidacy for renomination is resisted by many administration officials. Photo: Mint (Mint)

Donald Trump wants a Fed chief who’s willing to roll back rules

3 min read . 07 Oct 2017

Cryptocurrencies skirt all regulations and instead rely on their supposedly unhackable technology to guarantee value. Photo: iStock

Cryptocurrencies are barbarians at central bank gates

5 min read . 31 Aug 2017

US Federal Reserve chair Janet Yellen. Photo: Bloomberg

US Fed sees balance sheet move soon as inflation debate heats up

2 min read . 17 Aug 2017

US Federal Reserve chairperson Janet Yellen has allowed the labour market to strengthen while inflation has remained lower than their 2% goal. Photo: Reuters

US Fed holds policy rates steady, says balance sheet unwind to start soon

2 min read . 27 Jul 2017

Gary Cohn, 56, director of the White House National Economic Council, is also a top contender for the Fed chairman position. Photo: AFP

Donald Trump says he’s considering both Janet Yellen, Gary Cohn for Fed chair

3 min read . 26 Jul 2017

The Fed report comes five days before Chair Janet Yellen begins testimony before House and Senate committees. Photo: Bloomberg

Fed says post-crisis rules may sap bond-market liquidity

2 min read . 07 Jul 2017

In the US, the number of workers unwillingly stuck in part-time jobs is back at 2008 lows. Photo: AP

From Osaka to Frankfurt, listless wage gains remain G-7 mystery

5 min read . 15 Mar 2017