News

Central bank independence and credibility matters. Here’s why
The Reserve Bank’s surprise decision to hold rates in July shocked the market. But a new survey finds its credibility has ...
Jerome Powell must quit to save the Fed, one prominent economist says
The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
Fed needs to stay independent on monetary policy, Fed vice chair says
"It's very important that we maintain our independence with respect to monetary policy," Michelle Bowman, vice chair for ...
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US Treasury chief says no reason for Fed chair to step down
US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to ...
Why some economists think Powell should resign to save Fed independence
Mohamed El-Erian and Jeremy Siegel think Jerome Powell's resignation would ultimately bolster the independence of the central ...
Top economist Mohamed El-Erian says Powell should resign to preserve Fed independence
El-Erian, president of Queens’ College at Cambridge University, said he was aware that his view did not align with the Wall ...
Morning Bid: Markets Oddly Serene
Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter here. You can find ROI on the ...
NBC Los Angeles1d
El-Erian breaks ranks with Wall Street, says Powell should resign to preserve Fed independence
El-Erian, president of Queens’ College at Cambridge University, said he was aware that his view did not align with the Wall ...
Trading Day: Equity Optimism Hard to Quell
U.S. and world stocks posted solid gains on Monday as the dollar and bond yields fell, while encouraging corporate earnings ...
Not even Trump can fire Jerome Powell
It’s just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve ...
Foreign Affairs1d
Is America Breaking the Global Economy?
The global economy is, to put it mildly, in a state of flux. Before the most recent U.S. elections, it was already being ...
Trump's Fed attacks puncture veneer of central bank independence
If U.S. President Donald Trump's public attacks on Federal Reserve Chair Jerome Powell have achieved one thing, it has been ...