Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Paul Volcker

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

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

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

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

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

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

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.

Reason

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?

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.

Fortune

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 Independent UK

Get all your
news in one place.

100’s of premium titles.
One news app.

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.

Get all your
news in one place.

100’s of premium titles.
One news app.

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.

Tribune News Service

Volcker slayed inflation. Bernanke saved the banks. Can Powell do both?

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

Fortune

The bank collapses triggered by SVB have uncanny parallels to the savings and loan crisis of the 1980s

“The arithmetic behind it was timeless," George Ball of Sanders Morris Harris told Fortune.

Fortune

Nearly 90% of fund managers expect the U.S. to remain stuck in stagflation in the wake of a banking crisis, BofA survey says

With the Fed being "boxed in" by the latest banking crisis, experts are raising concerns about “greater chances of stagflation.”

Axios

Tech industry builds in the ruins again

Silicon Valley's platform leaps always seem to happen in times of economic turmoil.

Fortune

These 124 housing markets are weathering the home price correction (so far) in 1981 fashion

Among the nation's 400 largest housing markets tracked by Zillow, 124 markets remain at their peak.

Chicago Sun-Times

Jimmy Carter’s strength and weakness

While it’s admirable that Carter so clearly wants to do good work in the world (and often succeeds), it is also undeniable that he has demonstrated a do-gooder naivete that does not reflect well on him.

1 2 3

People

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

Organisations

International Monetary Fund

Credit Suisse Group AG

21 stories

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.