We’re running out of interest rates to cut to keep the economy from sinking. Before the next recession occurs, we need to come with an effective approach to monetary policy.
Plunging stocks have triggered rarely used ‘circuit breakers’ that temporarily halt trading. A finance scholar explains what they are and the costs of shutting down markets.
How many people realise that the central banks’ great programme for reviving the global economy involves hand-picking which companies and sectors to help out?
Volcker’s legacy involves more than fighting inflation – he showed why central banks need to remain free of meddling from politicians, including the president.
The US hit the debt ceiling in March and is expected to run out of ways to get around the new $22 trillion limit by September. An economist explains why the ceiling is a dysfunctional relic.
President Trump has discussed firing Fed Chair Jerome Powell over the central bank’s interest rate policies. Research shows this kind of political meddling is usually bad for the economy.
The Fed is in a tricky position as it signals it may soon cut interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.