Federal Reserve System
Lagarde signals first ECB rate hike in July
Nagel stresses risk of acting too late, as Villeroy says fiscal-monetary alignment no longer possible
Small drop in US CPI hints at inflation reprieve
Economists estimate US is past inflation peak, but other G7 nations may still be on the upward leg
Christopher Waller denies Fed is ‘behind the curve’
Governor argues Fed not given due credit for forward guidance and low unemployment
Fed warns on crypto risks as major stablecoin breaks peg
CBDC could help protect against risks from crypto assets including stablecoins, Fed says
HKMA follows Fed with interest rate hike
Chief executive says HKMA will intervene when currency hits lower bound of peg
US Senate confirms Lael Brainard as Fed vice-chair
Key senator absences create roadblock for Lisa Cook’s nomination
People: Chicago Fed’s Evans to retire
Bulgarian parliament rejects governor pick; political heat on Cook still high as vote nears; and more
Climate change, invasion, recession: policy-makers flag mounting risks
Christine Lagarde and Jerome Powell discuss “ripple effects” of war in Ukraine, while the Barbadian prime minister highlights need for reform at global institutions
Fed’s Evans says current inflation ‘very different’ to past episodes
Inflation is following a “whale curve” and the Fed should target the body, president says
Global spillovers not unique to US monetary policy – BoE paper
Fed and ECB both create spillovers through macroeconomic and financial channels
Chile central bank board adopts code of conduct
Regulations include anti-drug measures and trading restrictions
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Surging US inflation tempered by small drop in expectations
Expectations fall over medium term but rise in short term
Fed mulls tightening on scale not seen for decades
FOMC members now contemplating 50bp rate hikes and major asset sales
Inflation is more painful for the poor, says Brainard
Fed official joins wider discussion about measurement and impact of inflation
Fed’s asset selloff may start in May, Brainard says
FOMC minutes show consensus for “balance sheet runoff at a coming meeting”
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
US Senate to vote on Cook’s Fed governor nomination
Republicans continue opposition to Biden’s nominee but Democrats force full vote
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career
Economics in central banking: Wenxin Du
Du’s work clarifies the dollar’s role as a barometer of global markets, and explores the myriad implications for financial stability
Central banks ‘behind the curve’ on inflation, warns Goodhart
Charles Goodhart says stagflation is the most likely outcome in the coming years
US’s Rouse optimistic on inflation outlook
Chief economic adviser says food production can do more to raise supply than in energy industry
Powell: ‘nothing’ in the way of a 50bp rate hike
Fed chair is hoping to even out supply and demand imbalances in the labour market
Three-quarters of surveyed central banks answer to parliaments
Held accountable: benchmark responses on how central banks report on their activities