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World 28 Jan 2021 | 5:29 AM

2nd LD Writethru: U.S. Fed keeps interest rates near zero amid slowing economic recovery

WASHINGTON, Jan. 27 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero, as the country grapples with slowing economic recovery amid surging COVID-19 cases.

World 26 Jan 2021 | 1:43 AM

Trump lawyer Giuliani faces $1.3 billion lawsuit over 'big lie' election fraud claims

(Reuters) - A U.S. voting machine company filed a $1.3 billion lawsuit against former President Donald Trump's lawyer Rudy Giuliani, accusing him of defamation in what it called his "big lie" campaign about widespread fraud in the presidential election, court documents on Monday showed.

World 15 Jan 2021 | 6:21 AM

U.S. Fed chair says be careful not to prematurely discuss exiting easy monetary policy

WASHINGTON, Jan. 14 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell said on Thursday that the Fed should be careful not to prematurely discuss an exit from ultra-easy monetary policy as the U.S. economy is "far from" the central bank's goals.

World 14 Jan 2021 | 3:07 AM

U.S. consumer prices rise in December on surging gas prices

WASHINGTON, Jan. 13 (Xinhua) -- U.S. consumer prices rose in December, largely driven by the spike in gas prices, but the overall inflation is expected to remain subdued due to the pandemic, the Labor Department reported Wednesday.

World 17 Dec 2020 | 5:34 AM

U.S. Fed chair says case "very strong" for fiscal policy as Americans set to lose relief benefits

WASHINGTON, Dec. 16 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that the case for fiscal policy right now is "very strong" as millions of Americans are set to lose pandemic relief benefits by the end of the year.

World 17 Dec 2020 | 4:36 AM

2nd LD Writethru: U.S. Fed signals to keep interest rates near zero at least through 2023

WASHINGTON, Dec. 16 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero after concluding the final policy meeting of 2020, while expecting rates to stay there at least through 2023.