Economist Austan Goolsbee named next Chicago Fed president

The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next…

Fed hikes and a stronger dollar are fueling risks of political instability in Africa

ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5,…

Fed Chair Powell says smaller interest rate hikes could start in December

WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely…

European Central Bank says bitcoin is on the ‘road to irrelevance’

The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini |…

Transitory inflation talk is back. But economists say higher prices are here to stay

Prices of fruit and vegetables are on display in a store in Brooklyn, New York City,…

Fed officials see smaller rate hikes coming ‘soon,’ minutes show

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as…

Fed’s Daly sees rates rising at least another percentage point as ‘pausing is off the table’

San Francisco Federal Reserve President Mary Daly said Wednesday she expects the central bank to raise…

UK on the brink of recession after economy contracts by 0.2% in the third quarter

The Bank of England has warned that the U.K. is facing its longest recession since records…

U.S. consumer spending seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO

U.S. consumer spending is experiencing a “mitigation of growth” but not a slowdown, Bank of America…

U.S. economy seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO

The U.S. economy is experiencing a “mitigation of growth” but not a slowdown, Bank of America…

Watch Christine Lagarde speak after the ECB hikes rates once again

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Watch live: UK Finance Minister Jeremy Hunt delivers emergency policy statement

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Fed officials expect higher rates to stay in place, meeting minutes show

Federal Reserve officials have been surprised at the pace of inflation and indicated at their last…

British pound choppy as Bank of England reiterates Friday bond-buying deadline

In this photo illustration, the British pound is seen displayed. Karol Serewis | Lightrocket | Getty…

U.S. should pump more oil to avert war-level energy crisis, says JPMorgan’s Jamie Dimon

Dimon said in June that he was preparing the bank for an economic “hurricane” caused by…

Britain’s shadow banking system is raising serious concerns after bond market storm

Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event…

Is the UK now a buy? Analysts weigh in after market meltdown and Bank of England intervention

A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen…

Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in…

Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion

Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday…

Bank of England says it won’t hesitate to hike rates after pound falls to historic low

Analysts expect the Bank of England may need to raise interest rates more aggressively following market…