text

Recent market declines won't change economic outlook: US Fed Head

NewYorkFederalReserveBankPresidentWilliamDudleysaidonWednesdaythattherecentmarketdeclineswon'tchangehisestimateoftheU.S.economicoutlook."Thiswasn'tthatbigabumpi

text

Fed official stands by Wall Street reforms, says must complete work

The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.

text

Struggling Australian auto industry calls for comprehensive gov't policy

The Australian government's current policy for automotive industry is"fractured"and failing to respond to the entire industry's medium to longer term needs. A comprehensive, whole-of-industry policy is needed to help the industry be better prepared for challenges, according to the Australian Motor Industry Federation.

text

Fed may adjust pace of QE

The U.S. Federal Reserve might adjust the pace of purchases up or down as the labor market and inflation outlook changes in a material way, William Dudley, president of the Federal Reserve Bank of New York said Tuesday.