Central banking
Fed set to cut rates, but forecast for rest of 2025 is key to markets with politics clouding the picture
Key Points The Fed meets with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers. While the rate decision is fairly pretty much in the bag, what happens from there is anybody’s guess. Markets are betting […]
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Bank of Korea keeps rates unchanged on Seoul’s housing market risks; upgrades GDP and inflation forecasts
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images South Korea’s central bank kept its policy rate unchanged at 2.5% for its second straight meeting to assess housing prices in the capital further, after prices […]
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Thai monetary policy should remain accommodative, central bank minutes show
Thailand’s monetary policy should remain accommodative to support the economy and an easing would not significantly increase financial stability risks. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Thailand’s monetary policy should remain accommodative to support the economy and an easing would not significantly increase financial stability risks, the minutes of the Bank of Thailand’s August 13 policy meeting showed on Wednesday. At the meeting, the monetary policy committee voted […]
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Fed responds to Trump effort to fire Lisa Cook
Lisa Cook, governor of the US Federal Reserve, arrives for the morning session of the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Saturday, Aug. 23, 2025. David Paul Morris | Bloomberg | Getty Images The Federal Reserve on Tuesday said it would abide by any court decision on […]
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Lisa Cook will sue over Trump firing from Fed board, her lawyer says
Lisa Cook, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. Al Drago | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said Tuesday. “President Trump has no authority […]
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Lutnick suggests Lisa Cook’s refusal to accept Trump firing from Fed supports fraud claim
Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference in Washington, DC, US, on Tuesday, July 22, 2025. Al Drago | Bloomberg | Getty Images Commerce Secretary Howard Lutnick suggested Tuesday that Federal Reserve Board Governor Lisa Cook’s refusal to willingly leave […]
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Trump says he’s removing Fed Governor Lisa Cook, cites mortgage fraud allegations
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty Images President Donald Trump on Monday […]
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Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries
Key Points Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, she said, “I don’t want to move us to a place where we’re being accommodative, because I worry that if we’re accommodative, we could reinvigorate the […]
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Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here’s what Wall Street expects
Key Points Fed Chair Jerome Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave during one of the most tumultuous times in its history. Amid several controversies, Powell could use the speech to at least take a sideswipe at the political distractions even if […]
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Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut
Key Points Kansas City Federal Reserve President Jeffrey Schmid in a CNBC interview Thursday expressed doubt about lowering interest rates in September, saying there’s more work to do on inflation. Schmid is a voter this year on the rate-setting FOMC. Source
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