Federal Reserve System
How Bessent learned to stop worrying and love the T-bill
Short-dated issuance shows no signs of slowing. Some fear it could end badly.
All regional Fed heads reappointed for five-year terms
Renewals of presidents’ and vice-presidents’ terms allay fears of political interference
Bank notes: October to December 2025
A round-up of news and salient issues that have affected central bankers in the past three months
Manufacturing will not be jobs engine in US – St Louis Fed study
Authors say periods of rising productivity in sector have been accompanied by drops in employment
Fed cuts by 25bp amid another three-way split on FOMC
Miran votes for deeper cut, and Goolsbee and Schmid opt to hold, as experts point to stagflation risks
Tariffs may permanently raise medical goods costs – NBER study
Research also finds that trade barriers can worsen domestic supply shortages
US inflation expectations hold steady in November – NY Fed
Latest survey shows increasing concerns over medical costs and financial welfare more generally
Trump denies offering Orbán Argentina-style ‘financial shield’
US president says Hungarian PM ‘certainly asked for’ protection arrangement
Australia holds, flags possible rate hikes next year
RBA keeps policy steady amid heightened inflation while governor says no cuts for foreseeable future
Eurozone bank uncompetitiveness a ‘myth’ – Schnabel
Regulations have made lenders better, says ECB board member
12 angry members: why dissent is growing on the FOMC
Hardening views on wisdom of further cuts mean committee’s next meeting is unlikely to be harmonious
Bessent: Fed heads should come from districts they represent
US Treasury secretary says measure would not be applied retroactively
US banks hoping for end of DFAST global market shock
As Fed consults on stress-test reform, lobby group argues regulator is double-counting market risk
Bowman and Hill say stablecoin rules are on their way
FDIC acting chair says regulation to establish application framework should come this month
Fed officials’ stock trading must be reined in, say experts
Ethics violations by FOMC members mean it is time to overhaul rules, former policy-makers argue
No excuse for ex-Fed governor’s rules violations, say experts
Kugler found to have made stock trades during FOMC blackout period
Fed vice-chair says progress on inflation has stalled
Jefferson pushes for caution as US central bank lowers rates towards neutral
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out
Will AI’s bubble gum up the US economy?
Experts weigh in on prospects for growth, employment and interest rates if the bubble bursts
People: Bostic to step down from Atlanta Fed
Plus new appointments in Botswana, Estonia, Slovakia, Singapore and at BIS
Poorer areas in US have higher food inflation – research
Low-income areas also have less disinflation after shocks pass, Atlanta Fed study finds