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Banking And Credit

Those cheesy TV infomercials promising “three easy payments of $19.99” were quite ahead of their time. Though calling a toll-free number to buy as-seen-on-TV items is no longer in style, the idea of paying in installments remains popular thanks to a booming marketplace of buy now, pay later services.

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WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022.

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WASHINGTON (AP) — The International Monetary Fund expressed “full confidence” in its managing director Tuesday in response to allegations that while she was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China.

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WASHINGTON (AP) — The International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, reflecting the persistence of supply chain disruptions in industrialized countries and deadly disparities in vaccination rates between rich and poor nations.

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WASHINGTON (AP) — The executive board of the International Monetary Fund said late Friday that it is seeking more “clarifying details” in its investigation into allegations that the head of the IMF pressured staff at the World Bank to change business rankings for China in an effort to placate that country.

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WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events.

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WASHINGTON (AP) — The head of the International Monetary Fund met on Wednesday with her agency's executive board, which is conducting an investigation into alleged data-rigging at the World Bank, the sister global lender where she was formerly was a top executive.

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WARSAW, Poland (AP) — Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union.

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WASHINGTON (AP) — An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under congressional scrutiny and sharp criticism from outside the central bank.

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WASHINGTON (AP) — The International Monetary Fund said Monday its board of directors has been briefed by attorneys from the law firm whose investigation found that current IMF Managing Director Kristalina Georgieva and other officials pressured World Bank employees to alter data affecting the business rankings of China and other nations.

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WASHINGTON (AP) — Resistance to the potential renomination of Federal Reserve Chair Jerome Powell intensified this week, with Sen. Elizabeth Warren becoming the first senator to publicly oppose him and many progressive groups pushing for some alternative leader at the Fed.

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