President Donald Trump's effort to remove a member of the Federal Reserve's Board of Governors comes amid his push to reshape the composition of the central bank's panel that makes interest rate decisions. Trump attempted to fire Fed Governor Lisa Cook for cause this summer, accusing her of mortgage fraud and marking the first time a president has ever attempted to remove a Fed governor from office in the central bank's 112-year history. Cook has denied wrongdoing and filed suit to block her firing, with th ...

After rebounding some 65% from its April lows, bitcoin seems to have hit a ceiling. The world's biggest cryptocurrency has mostly flatlined over the last three months, a period in which it has reached its record high around $124,000.There may be no obvious reason or catalyst. The risks are well-known by now - stretched valuations, positioning, concentration, and faith in AI's productivity-enhancing powers. And the Fed is cutting rates now, so that's more fuel for the rally, right? Perhaps. Or perhaps it mar ...

Chair problem more than once talked about how unusual the situation is because there are really conflicting risks here, both in inflation risk and unemployment risk at the same time. How unusual is that if you go back through history. Is that a really strange situation to face.Well, it's completely unprecedented for a member of the administration on leave to be a governor of the Fed. That's completely unprecedented. It's completely unprecedented for the president on a basis that many people regard as pretex ...

The Bank of Canada will keep its 2% inflation target while reviewing core measures and housing costs in policy decisions https://t.co/8Ca0aEGCXk ...

Monetary Policy - The Federal Reserve has abandoned its 2% inflation target in favor of "flexible inflation targeting" [1] - Low interest rates are now primarily used to manage the national debt [2] - Fiscal dominance is now the prevailing economic condition [3]

Namibia’s central bank sees benefits to adopting a lower inflation target proposed by the South African Reserve Bank, its governor said https://t.co/n6ZvMwZFeS ...

Core Viewpoint - The President of the St. Louis Federal Reserve, Alberto Musalem, supports the decision of the Federal Reserve to maintain interest rates unchanged, indicating that there is still a shortfall in achieving inflation targets [1] Economic Conditions - Current economic conditions suggest that the inflation target has not yet been met, according to Musalem [1] - The labor market is nearing full employment, with no gaps in employment objectives [1]

South Africa’s central bank has unilaterally lowered its inflation target, bypassing the finance ministry, which insists it alone holds the authority to set policy https://t.co/ntbs3GexUX ...

South Africa’s move to a lower 3% inflation target may be phased in by the end of 2027, Bank of America said https://t.co/11rrqbRikT ...

The South African Reserve Bank could lower its inflation target as soon as its policy meeting at the end of this month https://t.co/qQdbiLBcts ...