Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
If you're concerned about what Wednesday's Fed decision means for your bank account, mortgage loan or credit card — as well as student debt, home equity loan and car payment —...Personal Financeread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Facebook founder and CEO Mark Zuckerberg held a rare meeting with China's propaganda chief, at a time when Chinese authorities are tightening control over their cyberspace.
Liu Yunshan told Zuckerberg in their meeting Saturday that he hopes Facebook can share its experience with Chinese companies to help "Internet development better benefit the people of all countries," China's official Xinhua News Agency reported. Zuckerberg was in Beijing to attend an economic forum.
China has called for the creation of a global Internet "governance system" and cooperation between countries to regulate Internet use, stepping up efforts to promote controls that activists complain stifle free expression.
Facebook and other Western social media, including Twitter, are banned in China. Zuckerberg has long been courting China's leaders in a so far futile attempt to access the country with the world's largest number of Internet users — 668 million as of last year.
China has been increasing control over its Internet, dubbed the Great Firewall because it is already heavily censored. Liu, a member of the Politburo Standing Committee, the ruling Communist Party's top leadership panel, recently said that all Internet users must not cross the "baseline" when discussing China's governance.
Chinese censors have introduced a slate of new regulations to better enable them to police digital and social media as closely as traditional publications. The country's top Internet regulator has repeatedly warned that an untamed cyberspace would pose a risk to domestic security, and that the government should decide who to allow into "its house."
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