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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
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Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A sustained low interest rate environment is not what the U.S. economy needs anymore, KeyCorp CEO Beth Mooney told CNBC on Friday.
"I do think there's a quality and a strength to this economy that just falls short of true growth," she said in a "Squawk Box" interview. "But it is strong. I don't see the downside risks in the economy that I've seen in the prior years."
Mooney has been honored as the most powerful woman in banking by American Banker magazine. She said Janet Yellen—appointed to succeed Ben Bernanke as the first woman to lead the Federal Reserve—was "an unspoken hero at our event last night as the most powerful central banker she will become."
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"I think [Yellen] is going to be a continuation of the Fed [current] policy," Mooney observed. "She's obviously been part of the dialogue, part of the debate, and part of the decision-making of the Fed in the last couple of years" as vice chair.
"[But] Bernanke clearly says there will be an exit. I do think very soon, if you ask me to speculate ... we will start tapering," she predicted.
Fed policymakers are set to meet later this month on whether they'll scale back their $85-billion-a-month bond-buying program—a move they declined to do in September, which surprised Wall Street.
The Fed has said that it'll keep its near-zero interest rate policy in tact for the foreseeable future, as it strives to support the economy and spark further job growth.