5 h. ago Republican candidate for Virginia Governor says banning same

The Republican candidate for Virginia Governor defended her opposition to same-sex marriage during a debate against her Democrat rival.

Politics

4 d. ago Bank governor says UK innovation needs ‘supportive’ investment environment

Andrew Bailey was speaking at a summit in Edinburgh on Monday.

Economics

7 d. ago Bank governor warns of risks of cutting regulation in bid for growth

Andrew Bailey said in a speech in Amsterdam he can see evidence that there is a ‘risk of history showing signs of repeating itself’.

Events

9 d. ago UK can ‘reap the benefits’ of stablecoins in finance, says Bank governor

Andrew Bailey said it would be ‘wrong to be against stablecoins as a matter of principle’.

Economics

9 d. ago Stablecoins could cut reliance on bank lending, BoE governor says

Andrew Bailey signals softening of stance towards digital tokens

Politics

2 w. ago Greenspan, Bernanke and Yellen urge Supreme Court to let Lisa Cook keep her job as a Fed governor

Alan Greenspan, Ben Bernanke, Janet Yellen and other former top economic officials appointed by presidents of both parties are urging the Supreme Court to preserve the Federal Reserve’s political independence and allow Lisa Cook to remain as a central bank governor for now

Society

2 w. ago Nigel Farage urges Bank of England to welcome cryptocurrencies in talks with governor Andrew Bailey

The Reform UK leader also used his first formal meeting with the Bank's Governor Andrew Bailey to demand a change of course on quantitative easing (QE).

Politics

2 w. ago The next big financial crisis may be brewing. Warning signs are already there | Larry Elliott

The longer the period between crises, the greater the complacency. That complacency is pushing share prices ever-higherUS job creation has stalled and, despite the curbs on migration, unemployment is rising. Tariffs are pushing up the cost of imports. And Donald Trump is at war with the governor of his own central bank and wants him out.But traders on Wall Street are not bothered by the fact that inflation is above the target or that growth is slowing. Share prices are testing new record levels on an almost daily basis. Jerome Powell, the man Trump wants to be rid of, says stocks are “fairly highly valued”, which is an understatement if ever there was one. By historical standards, stocks are extremely highly valued. There is trouble – perhaps big trouble – ahead.Larry Elliott is a Guardian columnist Continue reading...

Events

2 w. ago Farage presses Bank governor on cryptocurrency and quantitative easing

The meeting with Andrew Bailey was described as a positive engagement.

Politics

2 w. ago DHS says it will ignore California’s ban on ICE agents wearing masks during immigration efforts

California Governor Gavin Newsom signed the ban into law on Saturday, describing federal agents’ routine use of face coverings under Trump as ‘like a dystopian sci-fi movie’

Politics

2 w. ago Why Trump’s attacks on the Fed’s independence are so dangerous | Steven Greenhouse

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfireDonald Trump has once again taken a wrecking ball to the rule of law and long-standing norms as he seeks to fire Lisa Cook, the Federal Reserve governor, and pursue his unprecedented assault on the central bank’s independence. Just as he failed to understand the huge problems his tariffs would create, Trump fails to understand the serious damage his attacks on the Federal Reserve could cause.In April, Trump launched repeated attacks on the Fed, threatening to fire its chairman, Jerome Powell, and demanding it slash interest rates. Trump called Powell “a stupid guy” and said “Powell’s termination cannot come fast enough!” Trump ultimately chickened out on firing Powell after financial markets tumbled at the prospect, but he hasn’t stopped pressing the Fed to chop its rates – suggesting they should be below 1% – to spur the slowing economy. Although Trump keeps denying it...

Politics

3 w. ago Utah governor fires back at ‘conflict entrepreneur’ Steve Bannon over calls to tone down rhetoric

Utah Governor Spencer Cox has fired back at “conflict entrepreneur” Steve Bannon after his calls to tone down harmful rhetoric following the murder of Charlie Kirk were dismissed.

Events

3 w. ago Utah governor snaps back at ‘conflict entrepreneur’ Steve Bannon over Kirk shooting response

Spencer Cox warns Americans against listening to profit-driven sources ‘who benefit from radicalizing us’ in wake of right-wing activist’s killing

Events

3 w. 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