This man may soon be the world’s ‘second-most-powerful person.’
AP Photo/Andrew Harnik
The chair of the Federal Reserve is often considered the world's 'second-most-powerful person.' So who is Jerome Powell and why does it matter that he may soon head the Fed?
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The Bank of England faces a tricky trade-off of curbing inflation while maintaining financial stability.
Australian Treasurer Scott Morrison likes to remind us of the economic achievements of the past.
Repeatedly boasting about the past won't distract from the fact Australia's economy is looking shaky.
The Jackson Hole Mountain Resort serves as the backdrop for an annual meeting of economic heavyweights.
The annual meeting of central bankers and economics professors in Wyoming is a chance for some to send a message on the path of monetary policy.
What if we’re just not as predictable as we used to be?
Image sourced from shutterstock.com
The slew of numbers across various major economies this week continue to suggest a mixed picture.
Inflation has been doggedly low, so it’s not clear that the 2.5% expectation for inflation is going to turn out to be right.
This week's strong growth in full-time employment shows a robust labour market. This only deepens the puzzle of why inflation is so low at the same time.
Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world.
Randal Quarles, the president's first nominee to the Federal Reserve's board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
The prevailing mandate of the South African Reserve Bank is informed by sound economics and the need to protect the institution from the whims of politicians.
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it's fairly confident the economic recovery will continue. Is it overconfident?
Treasurer Scott Morrison called a press conference this week to comment on March-quarter GDP figures.
Treasurer Scott Morrison says Australia will "grow into growth". Global economic conditions suggest otherwise.
House prices in Sydney and Melbourne are cooling, housing approvals are up, and everyone's wondering if Australian banks have been lending too much.
Is the Australian economy ‘the little engine that could’?
Some seem to think the RBA is bullish on growth, but reading between the lines it seems to be hedging.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Australian Treasurer Scott Morrison says the budget papers will make a formal distinction between ‘good debt’ and ‘bad debt’.
In the lead-up to the federal budget, the government has made a number of significant and sometimes surprising policy announcements.
Australia’s central bank says labour market conditions have been weaker than expected.
Wages are sluggish, underemployment seems stubbornly high, and there is a continued push to part-time rather than full-time employment.
APRA chairman Wayne Byres is leading a crackdown on interest-only loans, but it may not be enough to cool some parts of the housing market.
Negative gearing plus inadequate supply plus low wage growth equals financial distress.
Rapid rise of Australian house prices have created disagreement between economists on whether a housing bubble currently exists.
Economists struggle to agree on when and where housing bubbles occur, but bubbles all have similar characterisitics.
Declining interest rates have been working for home buyers, now they are working against them.
Declining interest rates has made housing more affordable over the past thirty years, but it has also increased the risk for homebuyers.
The foundations of Australian house prices could shift at any time.
Australia's central bank is still trying to walk a delicate tightrope.
if you like to drink (or sell) German beer, higher rates are a wonderful thing.
Matthias Schrader/AP Photo
While borrowers may not be thrilled by the Federal Reserve's decision to raise rates, many of us have plenty of reason to celebrate.