Browsing: bank

Turkish Premier Recep Tayyip Erdogan called Friday on the central bank to cut interest rates in order to stimulate the economy as political instability saps momentum. “The central bank should hold an extraordinary meeting to cut (rates) … just as…

New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused. But she also took a crucial step to reshape how the Fed has…