European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
Michael S. Barr is vice chairman for supervision on the Board of Governors of the Federal Reserve System. This article is adapted and edited from testimony delivered today before a hearing of the U.S. House of Representatives before the Committee on Financial...
Federal Reserve Chairman Jerome Powell poured more cold water on the hope that the central bank will start cutting rates sooner than later. According to combined media reports, Powell told a moderated discussion at the Foreign Bankers’ Association in Amsterdam that...
Sweden’s central bank is diverging from the strategy advocated by its American counterpart by cutting interest rates. The Financial Times reported the Riksbank’s reduction of its main interest rate by 0.25 percentage points to 3.75% marked the first rate cut for...
To the surprise of no one, the Federal Reserve has opted to maintain interest rates at the current level. The central bank’s policymaking Federal Open Market Committee stated it would keep the target range for the federal funds rate at 5.25% to 5.5%, a 23-year high;...
FBI Investigating Lurin Capital Amid Multifamily Collapse
