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  • Stanley Fischer

    U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.

  • *Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...

  • WASHINGTON— Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade. Investors have been trying to determine whether the Fed might still be on course to raise interest rates after its Sept. 16-17...

  • The reversal is attributed to unprecedented spending on track upgrades, political pressure from politicians in agriculture-rich states and a drastic decrease in trains hauling crude and freight to and from western North Dakota's oil-producing region. "There had been some uncertainties but it has gradually gotten better," said Josh Mardikian, grain...

  • WASHINGTON— With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. The unambiguous goal of the president's trip is to use dramatic and alarming changes to Alaska's...

  • BEIJING, Aug 29- China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment". On Aug. 11, in a move that stunned markets, China devalued the yuan by nearly 2 percent. China allows the yuan to rise or fall a maximum of 2 percent from a day's midpoint.

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's ties with China, even if it does make for nifty campaign sound bites. "When you're in the early...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it: Spurred by the stock market's wild ride, they lashed out at the world's most populous nation. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's...

  • The FDA said it had identified 33 cases of severe joint pain in patients taking a class of drugs known as DPP-4 inhibitors between Oct. 16, 2006, when the first one was approved, through Dec. 31, 2013. Five cases were reported with AstraZeneca Plc's Onglyza, two with Boehringer Ingelheim's Tradjenta, and one with Takeda Pharmaceutical's Nesina.

  • JACKSON HOLE, Wyo., Aug 28- The U.S. Some top policymakers, including Fed Vice Chairman Stanley Fischer, said the recent volatility in global markets could quickly ease and possibly pave the way for the first U.S. rate hike in nearly a decade. With a key policy meeting set for Sept. 16-17, at least five Fed officials spoke publicly in what amounted to a jockeying for...

  • Figures on government spending and debt Friday, 28 Aug 2015 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • EPA: Clean water rule in effect despite court ruling Friday, 28 Aug 2015 | 2:37 PM ET

    The EPA says the rule, which took effect Friday in more than three dozen states, will safeguard drinking water for millions of Americans. The House has ignored a White House veto threat and passed a bill to block it, and a Senate committee has passed a measure that would force the EPA to withdraw and rewrite it. The senators— two Democrats and two Republicans— said in an...

  • Business events scheduled for the coming month Friday, 28 Aug 2015 | 1:46 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • JACKSON HOLE, Wyo., Aug 28- Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong. Louis Fed President James Bullard told Reuters he still favored hiking rates at...

  • WASHINGTON— What once seemed a sure bet— that the Federal Reserve would raise interest rates in September— suddenly appears less certain following a wild week of stock market turbulence. Fed Chair Janet Yellen decided to skip this year's meeting, so Vice Chairman Stanley Fischer is commanding top attention, with investors eagerly parsing his every word.

  • WASHINGTON— Plummeting stock prices have taken a toll on U.S. consumer confidence, though there are signs the setback may be temporary. The University of Michigan says its consumer sentiment index fell to 91.9 this month from 93.1 in July. The University of Michigan surveys consumers throughout the month and so some of the responses were tallied as stock prices...

  • WASHINGTON— A federal appeals court on Friday ruled in favor of the Obama administration in a dispute over the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans. The ruling means the government can continue collecting the data for the next few months, although the program is set to expire at the end of November...

  • JACKSON HOLE, Wyo., Aug 28- Recent market turmoil should not delay the Federal Reserve from raising interest rates at least once, given that the global equities selloff and China's economic slowdown have had little effect on the U.S. economy, a top Fed official said on Friday. Market volatility has sowed doubts over the timing of the rates "liftoff," particularly...

  • Louis Fed President James Bullard told Bloomberg in an interview from Jackson Hole, Wyoming, where central bankers from around the world are converging for an annual meeting. But Loretta Mester, president of the Federal Reserve Bank of Cleveland, said the volatility has not changed her view that the U.S. economy was ready for a modest increase in interest rates.