Bank notes: April to June 2025
A round-up of news and salient issues that have affected central bankers in the past three months
The US Federal Open Market Committee voted unanimously on May 7 to hold its target for the federal funds rate at 4.25–4.5%. The FOMC said inflation and unemployment risks had risen since its previous meeting on March 19, when it had also held rates unanimously. The May decision was the first since ‘liberation day’ when US president Donald Trump imposed sweeping tariffs on imports. Federal Reserve chair Jerome Powell said in a press conference
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Banknotes: January to March 2025
A round-up of news and salient issues that have affected central bankers in the past three months