U.S. Fed chair ditches ‘transitory’ tag and paves way for a rate hike
Many in the market took the buzzword to mean the Fed expected price pressures to be short-lived. Powell said policy makers intended it to mean something different.
Investors bet Jerome Powell's Fed will get more aggressive on inflation
Calls for the Fed to normalize monetary policy more aggressively are now coming from some of the central bank’s own policymakers, reinforcing many investors’ views.
Milton Friedman is more relevant than ever
There are periodic attempts to knock Milton Friedman off his pedestal. For the most part, however, his legacy remains strong.
Biden hints at Fed chair pick soon as senators rush to chime in
Biden is still deciding whether to reappoint Federal Reserve Chair Jerome Powell or replace him with Fed Gov. Lael Brainard, as key senators wade in with their views.
U.S. Fed preparing to remove stimulus 'soon' despite slower recovery
The closely-watched announcement left policy unchanged for now, but new forecasts from central bankers show they expect the first interest rate increase next year.
As a developing economy with a per capita income of just over $10,000, China can tolerate higher inflation better than developed economies can.
China may be the answer to Janet Yellen's 'mystery'
China is no longer easily caricatured as a place with a limitless supply of cheap labor churning out bargain-basement stuff for consumers and businesses around the world.
Changes afoot in the world of central banking
Further monetary easing may become inevitable for the U.S. Fed to make inflation targeting effective, and for the ECB to justify greater emphasis on the environment.
Fed vows to keep interest rates near zero until inflation rises
The Federal Reserve kept interest rates pinned near zero on Wednesday and made a bold, new promise: to keep them there until inflation is on track to "moderately exceed" the U.S. central bank's 2 percent inflation target "for some time." The new guidance marks a ...
Japanese investors are now turning to bonds from the European Union instead.
Jackson Hole conference goes virtual as monetary experts discuss life after ‘peak central banking’
After convening every August since 1982 at the edge of Wyoming’s magnificent Teton mountain range, monetary policymakers will hold a virtual Jackson Hole conference this week that will look pale by comparison. The same could probably be said of the central banks themselves. Yes, the ...
