Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The Federal Reserve itself doesn't use the phrase "taper," just like it doesn't call the bond-buying program QE. Instead, it says it may "reduce the pace of its purchases."
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The term took the financial world by storm after Federal Reserve Chairman Ben Bernanke told a Congressional panel on May 22 that improving economic conditions meant that "we could in the next few meetings ... take a step down in our pace of purchases."
At a press conference over the summer, Bernanke got specific about the criteria that would guide the Fed's tapering. He said that given the Fed's forecasts for the economy, he expected that the taper would begin before the end of 2013 and that the program would end entirely in 2014. He emphasized that these dates were based on the economy performing as expected rather than hard deadlines. If the economy performs better or worse than expected, the dates could shift forward or backward.
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