Get all your news in one place.

100's of premium titles.
One app.

Start reading

Get all your news in one place.

100's of premium titles. One news app.

Start reading

The Latest Breaking News from Paul Volcker

Janet Yellen warns the $38 trillion national debt is nearing a red line economists have warned about for decades

Top economists fear the era of fiscal dominance is here, and we’ve abandoned the debt problem already.

Fortune

Trump is close to naming the new Federal Reserve chief. His choice could raise the risk of stagflation

US President Donald Trump has signalled in an interview with the Wall Street Journal he is close to announcing his pick for the next chair of the US Federal Reserve.

The Conversation

Why Trump’s attacks on the Fed’s independence are so dangerous

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfire

The Guardian - US

From analysis to the latest developments in health,
read the most diverse news in one place.

The Real Threat to Fed Independence Isn't Trump. It's Congress' Debt Addiction.

The president's clear attempt to interfere in the Federal Reserve is not a one-off crisis.

Reason

What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

The Guardian - UK

Why Jackson Hole Is The Fed's Mountaintop Moment—And Why It Matters More Than Ever

Imagine being Jerome Powell this week. On Friday, August 22, the Federal Reserve chairman will step onto the stage at the Jackson Hole Economic Policy Symposium — the most closely watched monetary retreat in the world — with markets, politicians, and even building contractors staring him down.

Benzinga

Trump’s an unstable bully – but it’s hard to defend the economic orthodoxies he is attacking

With Rachel Reeves in the US, some clarity is needed: the global economy has been mismanaged and the Federal Reserve does deserve criticism, says Guardian columnist Larry Elliott

The Guardian - UK

Read news from The Economist, FT, and more,
with one subscription

Is Donald Trump threatening the US Federal Reserve’s independence?

US president Donald Trump has been increasingly calling for the Federal Reserve to lower interest rates, claiming that there is "virtually no inflation", as energy and grocery prices continue to decrease considerably.

Euronews

Trump suggests he could remove US Fed Reserve Chair Jerome Powell

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

Euronews

Here’s one key thing you should know about Trump’s shock to the world economy: it could work

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

The Guardian - UK

Trump can kill Fed independence. Why does the norm exist?

The Supreme Court could overturn precedent that protects Chair Jerome Powell from being fired.

Fortune

Jimmy Carter obituary

US president whose subsequent decades of tireless humanitarian work brought him the Nobel peace prize

The Guardian - UK

Jimmy Carter's Presidency Achievements Highlighted

Explore the impactful legacy of former President Jimmy Carter, including reshaping the vice presidency, negotiating Panama Canal treaties, and a productive...

Top News

Donald Trump thinks he should influence Fed rates—here's what history and the law say

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Fortune

Get all your
news in one place.

100's of premium titles.
One news app.

Reason

Looking at Reagan Through the Lens of Trump

Max Boot's biography of Ronald Reagan is deeply researched and informative, but it sometimes stumbles when it tries to use the past to make sense of the present.

Fortune

Donald Trump thinks he should influence Fed rates—here's what history and the law say

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Fortune

The brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in

Millennials face a housing market a lot like their parents experienced—with a dash of their early adulthood added, for good measure.

Fortune

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?

Get all your
news in one place.

100's of premium titles.
One news app.

Fortune

Buckle up for more ‘turbulence’ in the housing market, BofA says—it’s a housing recession, 1980s-style

“Looking back at previous housing recessions, we think the 1980s are a better analogy for today's market than the 2008 housing crash,” BofA economists said.

The Independent UK

Why the US job market has defied rising interest rates and expectations of high unemployment

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

The Guardian - UK

If there’s such a thing as an inflation quota, has Britain already exceeded it?

According to some in the City, the UK will have to keep prices flat for the next seven years to make up for the last three. Really?

The Conversation

Bank of England interest rate rise: why this could be the last increase for a while

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.

Fortune

America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money

If the economy tanks in the months ahead, Powell will get the blame. If we avoid a recession, the politicians will claim credit.

Evening Standard

OPINION - Britain’s fight against inflation has so far been cowardly and ahistorical

The case in favour of rapidly falling inflation in the UK hinged on the idea that energy prices would, at some point, collapse. You’d have thought therefore that headline inflation would already be down quite some way.

Fortune

‘Other things will break.’ Legendary investor Jeremy Grantham warns of more financial chaos and wants to see Powell ‘channel a little bit of Volcker’

Jeremy Grantham predicted the financial crisis in 2008. Now, he thinks the financial system could expect more chaos after the two banks failed in March.

1 2 3

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

the Wall Street Journal

1,159 stories

the US Federal Reserve

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.