Central banking
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Finance
Powell squashes the possibility that the Fed will develop its own digital currency
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual…
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Finance
Watch Fed Chair Powell testify live before the Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
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Finance
Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on…
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Economy
Bank of England’s Bailey says UK can’t avoid U.S. tariff impact — even if it’s not in the direct firing line
Andrew Bailey, Governor of the Bank Of England, pauses before the start of the Monetary Policy Report press conference at…
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Finance
Watch: ECB President Christine Lagarde speaks after rate decision
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Finance
Fed holds rates steady, takes less confident view on inflation
The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it…
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Economy
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday,…
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Finance
Fed officials are worried about the inflation impacts from Trump’s policies, minutes show
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could…
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Finance
How the Federal Reserve’s rate policy affects mortgages
The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates…
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Economy
Russian central bank surprises markets by holding key rate at 21%
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time…
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