News

Chicago Fed chief warns: Central bank must be independent of Trump
Austan Goolsbee, the Chicago Fed chief, defended the central bank's independence in a Sunday morning talk-show interview.
Fed’s Goolsbee Warns Against Curbing Central Bank Independence
Federal Reserve Bank of Chicago President Austan Goolsbee warned against efforts to curtail the central bank’s independence, ...
Trump Wants to Upend the Fed. Here’s How the Central Bank Works.
The Federal Reserve is complicated and carries out numerous functions.
Trump’s attacks on central bank threaten its independence − and that isn’t good news for sound economic stewardship (or battling inflation)
Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to ...
Turkish central bank surprises with rate hike to 46% after market turmoil
Turkey's central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise move that reversed an ...
Denmark's central bank cuts key interest rate by 25 basis points
Denmark's central bank cut its key interest rate by 25 basis points to 1.85% on Thursday, following the European Central Bank ...
European Central Bank cuts interest rates for the seventh time as global trade tensions escalate
The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by ...
European Central Bank expected to cut rates again amid worries about Trump's tariffs
Worries about economic growth fueled by U.S. President Donald Trump's tariff onslaught will likely push the European Central ...
Global confidence slumps as trade turmoil looms over IMF meetings
The tariff shock and market slide are among rising threats to growth. The outlook deterioration is a marked contrast to the ...
Trump says he's eager for Fed Chair Jerome Powell's 'termination'
The remarks came a day after Powell voiced alarm about Trump’s tariff policy, saying it would likely hike inflation and slow ...
European Central Bank cuts interest rates as tariffs threaten the economy
The European Central Bank cut its main interest rate by a quarter of a percentage point Thursday, citing growing trade tensions after US President Donald Trump’s tariffs sparked a global trade war.