[WASHINGTON] Two hurricanes slammed into the United States within two weeks, taking a bite out of economic growth, and adding to doubts about the potential for a third interest rate hike this year.

[WASHINGTON] Janet Yellen is among the contenders being considered by President Donald Trump to run the US central bank after her current term as Federal Reserve chair expires in February, said...

HONG Kong's financial secretary Paul Chan warned potential buyers to be careful buying property in the world's most expensive housing market, as moves by the Federal Reserve to unwind its...

[NEW YORK] The US dollar was on course for its biggest daily percentage decline against the safe-haven yen in more than three months on Tuesday on concern about North Korea's largest nuclear...

[NEW YORK] The US central bank is roughly at the mid-point on its current path to normalise interest rates as the economy has shown further improvement even without fiscal stimulus, San Francisco...

[WASHINGTON] US central bankers remain divided over inflation risks, and some argue they can afford to "be patient" before raising rates again, according to the minutes of the last policy...

THE BOTTOM LINE

JANET Yellen, the chair of the US Federal Reserve, is caught between Donald Trump and a hard place.

US FED RATES

EVEN though US Federal Reserve chair Janet Yellen said at her congressional testimony on Wednesday that US interest rates would continue their gradual ascent, it would not dampen inflation or...

[WASHINGTON] The US economy saw "slight to moderate" growth in June while signs of mounting inflation remained scarce despite tight labor markets, the Federal Reserve said on Wednesday...

[WASHINGTON] Federal Reserve Chair Janet Yellen said on Wednesday that even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in...