Ultra-low interest rates have made low-carbon projects like windmill farms more attractive than coal power plants. That will begin to change as the central bank lifts rates, hurting the green economy.
Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Will Congress take the handoff from the Fed?
Lucy Nicholson/Reuters
Although the economy added jobs for a 72nd month – the longest streak since WWII – growth remains sluggish. Two economists argue it’s up to lawmakers and the next president to pick up the slack.
The World Economic Outlook from the IMF released this week downgraded growth for many countries.
Shawn Thew/AAP
Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
Trump has his sights set on the US Fed.
Shawn Thew/AAP/EPA
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
Chair Janet Yellen acknowledges: It’s a tough call.
Gary Cameron/Reuters
The Fed left interest rates unchanged but said improving economic data means it will likely lift them later this year. We asked two scholars – and ex-Fed officials – if it was the right call.
You’re not the only one in the dark.
Kevin Lamarque/Reuters
Just like apes, humans fear the unknown, and that’s why there’s so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Employment growth remains flat, despite hopes for improvement.
Daniel Oines/Flickr
All in all this was a fairly positive week for global economies.
When attendees at the annual Jackson Hole symposium get a chance to chat, they might muse about central banks targeting nominal GDP instead of inflation.
Reuters/Jonathan Crosby
Oz Shy, Massachusetts Institute of Technology (MIT)
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the ‘bigger’ picture.