News

Chicago Fed chief: Central bank must be independent of politics
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’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 ...
Can Trump Fire Jerome Powell? President Calls for Fed Chair's Termination and Again Demands the Central Bank Cut Interest Rates
President Donald Trump has once again slammed Federal Reserve Chair Jerome Powell over high interest rates, calling for the ...
Indian rupee may nudge higher, bond yields eye central bank policy minutes
The Indian rupee is likely to trade with a positive bias this week, bolstered by a pickup in portfolio inflows and a weaker ...
Trump Wants to Upend the Fed. Here’s How the Central Bank Works.
It is unclear whether Trump might seek to remove Powell as the head of the central bank. But even doing so wouldn’t ...
Trump’s threats to fire Fed chair put central bank’s independence into question
President Donald Trump suggested twice on Thursday he could remove the Federal Reserve’s Jerome Powell from his position as chair, a move that would shatter the U.S. central bank’s position ...
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 ...
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 ...
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.