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Search results for: "Central bank". 6 articles found.

Fed official warns inflation is still too high

The Hill - 12 hours 32 min ago
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Fed official: Inflation still too high in 'all aspects' of economy Neel Kashkari, the president of the Federal Reserve's Minneapolis branch, said Sunday that inflation is "still too high," days after the central bank raised interest...
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Bessent says he has 'great confidence' in Warsh after Fed raises rates

The Hill - 13 hours 38 min ago
Treasury Secretary Scott Bessent said Monday he has "great confidence" in Federal Reserve Chair Kevin Warsh, after the central bank raised interest rates by a quarter point against the wishes of President Trump. "I have great confidence in Chair Warsh," Bessent told host Joe Kernen on CNBC's "Squawk Box." "More importantly, the president has great...
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China suffers another setback in effort to de-dollarize global finance as anchor in the greenback's dominance quietly exits Beijing's payment scheme

Fortune - 17 hours 45 min ago
Saudi Arabia's central bank dropped out of China's mBridge digital payment platform last year.
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Federal Reserve official says fighting inflation likely to be 'painful'

ABC News - 18 hours 12 min ago
A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation...
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Fed's Kashkari: Inflation still too high in 'all aspects' of economy

The Hill - 18 hours 34 min ago
Neel Kashkari, the president of the Federal Reserve's Minneapolis branch, said Sunday that inflation is "still too high," days after the central bank raised interest rates. "Even if we strip out energy, which is really volatile, and strip out food, they matter a lot, but in terms of where the economy is going, inflation is...
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The ECB will invest in tokenised securities, and settle the trades on its own new rail

The Next Web - 22 hours 39 min ago
The European Central Bank is preparing to put some of its own money into tokenized securities, moving from building the plumbing for digital asset markets to buying in them. Settlement will occur in central bank money, routed through Pontes, the system the Eurosystem has built for trades running on distributed ledger technology. What the bank […] This story continues at The Next Web...
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