43 h. ago Moscow considers central bank’s huge $232B lawsuit against Euroclear over seized assets

Russia's Central Bank has condemned the use of frozen assets to aid Ukraine

Economics

4 d. ago The threat to the global economy from Trump’s war on the Fed

The escalating conflict between the White House and the US central bank could have far-reaching consequences

Events

4 d. ago Trump says Fed chair contender Hassett should stay in White House job

US president says moving National Economic Council director to lead the central bank would be a ‘serious concern for me’

Society

4 d. ago Trump says he wants Fed chair contender Hassett to stay in White House job

US president says moving National Economic Council director to lead the central bank would be a ‘serious concern for me’

Society

4 d. ago ‘The dollar is losing credibility’: why central banks are scrambling for gold

Experts say central banks are increasingly stuffing their vaults as an insurance policy in a volatile worldFifteen minutes after takeoff, the call came for Serbia’s central bank governor: millions of dollars’ worth of gold bars, destined for a high-security Belgrade vault, had been left on the runway of a Swiss airport.In air freight – despite the extraordinary value of bullion – fresh flowers, food and other perishables still take priority. “We learned this the hard way,” Jorgovanka Tabaković told a conference late last year. Continue reading...

Politics

4 d. ago Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed

Kevin Hassett, a top contender to replace Jerome Powell, suggests he believes Powell told the truth about central bank renovationUS politics live – latest updatesDonald Trump’s top economic adviser, Kevin Hassett, said he expected there was “nothing to see here” as the US Department of Justice pursues its criminal investigation of Jerome Powell, the Federal Reserve chair.The Trump administration has faced a chorus of criticism in recent days after it emerged that the justice department had served the Fed with grand jury subpoenas, in a significant escalation of its extraordinary attack on the US central bank’s independence. Continue reading...

Economics

4 d. ago Russian court considers central bank's $232B lawsuit against Euroclear over seized assets

A court in Moscow has started considering a lawsuit filed by Russia’s Central Bank against Euroclear, the Brussels-based clearing house that holds the bulk of Moscow’s frozen assets in Europe

Economics

6 d. ago Trump hits back at JP Morgan CEO’s defence of Federal Reserve

US president says Jamie Dimon was wrong to suggest he was undermining independence of central bankBusiness live – latest updatesDonald Trump has hit out at the JP Morgan boss Jamie Dimon, saying the Wall Street executive was wrong to suggest he was undermining the independence of the Federal Reserve.The US president and his administration have come under fire for their attacks against the Fed’s chair, Jerome Powell, who is now facing a criminal investigation by the US Department of Justice over alleged “abuse of taxpayer dollars” linked to renovations to the central bank’s headquarters in Washington. Continue reading...

Politics

6 d. ago London Pride boss faces contempt of court accusation amid claims of misusing funds

ChristopherJoell-Deshields could face a fine, a seizure of assets or imprisonment after allegedly failing to obey a court order

Economics

7 d. ago Powell sent senators details on $2.5bn Fed project following testimony

Letter seen by FT appears to undermine claims that chair of US central bank misled Congress over renovation

Politics

7 d. ago Jeanine Pirro tries to soften her investigation into fed chair Jerome Powell

District of Columbia U.S. Attorney Jeanine Pirro says subpoenas to the Fed were needed because the central bank ignored a previous request for information

Events

7 d. ago Dimon warns Trump administration’s attacks on Fed could boost inflation

JPMorgan chief says he has ‘enormous respect’ for central bank chair Jay Powell

Events

7 d. ago Bank of England governor in extraordinary clash with Donald Trump over future of America's top banker

Andrew Bailey signs statement with other central bankers backing US Federal Reserve chairman Jerome Powell

Politics

7 d. ago Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump

Eleven central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell

Politics

7 d. ago Central bank chiefs ‘stand in full solidarity’ with Jay Powell

Governors from 11 institutions issue statement of support for embattled Fed chair

Politics

7 d. ago Global central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threats

Nine governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is criticalBusiness live – latest updatesGlobal central banks have issued an extraordinary joint statement offering “full solidarity” to the US Federal Reserve chair, Jerome Powell, in the face of the latest threat to his independence from Donald Trump’s White House.“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,” the statement said. Continue reading...

Politics

7 d. ago Global central banks show ‘full solidarity’ to US Fed chairman after threats

Bank of England governor Andrew Bailey was among the 11 central bank leaders to sign the statement of support.

Politics

7 d. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

8 d. ago Top Republicans denounce justice department’s criminal probe into Fed chair

Backlash builds as Trump administration’s prosecutors target head of US central bank

Politics

8 d. ago DoJ’s probe into Powell galvanises Fed leaders to repel Trump attacks

Central bank chair could stay on board beyond this year in effort to protect central bank’s independence

Politics