16 h. ago ECB rate cuts at ‘or very close to’ end, says Austria’s central bank governor

Without any major surprises, arguments that led to this month’s hold should still apply, Martin Kocher tells FT

Politics

1 week ago US justice department launches criminal probe into Fed’s Lisa Cook

Investigation marks an escalation in Trump administration’s efforts to remove the central bank governor

Society

1 week ago BoE’s Bailey warns of ‘serious situation’ at Fed following Trump attacks

Governor tells committee that central bank independence is key to sound policymaking

Events

2 w. ago Trump urges judge to deny Lisa Cook’s appeal to remain at Fed

Federal court hears argument against US president’s firing of central bank governor

Politics

2 w. ago Fed official says he could back jumbo rate cut if US economy weakens sharply

Central bank governor says August jobs report will be pivotal in setting direction of monetary policy

Politics

2 w. ago Trump moves to fire Fed governor Lisa Cook in escalating attack on bank’s independence

Departure of Cook, first Black woman to sit on central bank’s board, would allow US president to put forward a replacementDonald Trump has said he is firing the Federal Reserve governor, Lisa Cook, over allegations she committed mortgage fraud, in an extraordinary move that marks the latest escalation in the US president’s attack on the central bank’s independence.Trump wrote to Cook on Monday, telling her that he was removing her from her position “effective immediately”, based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. Continue reading...

Events

2 w. ago Trump follows through on threat to fire Federal Reserve governor in ongoing feud with central bank

The move is a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.

Events

2 w. ago Bank of England governor says UK faces ‘acute challenge’ from sick and ageing workforce

‘We are well at the bottom of the league table’, said the senior policymaker

Economics

3 w. ago Britain facing ‘acute challenges’, Andrew Bailey tells economic summit

Bank of England chief tells Jackson Hole event of concern about weak growth and fall in worker numbersBritain faces an “acute challenge” from its weak underlying economic growth and a drop in the number of workers since the pandemic, according to the Bank of England governor, Andrew Bailey.A rise in the number of people defined as long-term sick and a big drop in young people in work – factors that he suggested might be intertwined – added to the squeeze created by an ageing population. Continue reading...

Politics

3 w. ago UK faces ‘acute challenge’ from weak growth and shrinking workforce, says Andrew Bailey

Bank of England governor tells Jackson Hole summit that ageing population is adding to the squeezeBritain faces an “acute challenge” from its weak underlying economic growth and a drop in the number of workers since the pandemic, according to the Bank of England governor, Andrew Bailey.A rise in the number of people defined as long-term sick and a big drop in young people in work – factors that he suggested might be intertwined – added to the squeeze created by an ageing population. Continue reading...

Politics

3 w. ago Fed governor urged by Trump to resign will not be ‘bullied’ into stepping down

Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraudUS politics live – latest updatesDonald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates.A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate. Continue reading...

Politics

3 w. ago Trump calls on Federal Reserve governor Lisa Cook to resign, renewing attack on central bank

Ally of the president has accused the first Black woman to sit on the central bank’s board of mortgage fraudUS politics live – latest updatesDonald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates.A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate. The claims have not been confirmed. Continue reading...

Politics