Federal Reserve System
Fallout of criminal probe into Powell continues
Trump’s investigation faces backlash at home, in Congress and abroad
Goolsbee backs Powell and raises tariff concerns
Chicago Fed chief says tampering with independence increases inflation risks
Sticky fears about sticky inflation
Survey finds investors are not yet ready to declare victory on inflation – with good reason
NZ foreign minister attacks central bank chief for backing Powell
Breman told to ‘stay in her New Zealand lane’ after signing letter in support of Fed chair
Experts decry ‘show trial’ of Fed chair
Probe slammed as politically motivated attack on Powell for doing his job
New England is pocket of recession risk in US – Fed study
Researchers say overall threat of national downturn is low, but requires monitoring nevertheless
Central bank governors express ‘full solidarity’ with Powell
Lagarde and Bailey among signatories of statement in wake of Department of Justice investigation
Collateral velocity is disappearing behind a digital curtain
Dealers may welcome digital-era rewiring to free up collateral movement, but tokenisation will obscure metrics
Richmond Fed president leaves policy path open in 2026
Barkin says consumer sentiment is still negative, despite US economy’s resilience
Yellen warns of fiscal dominance at the Fed
Former chair joins economists in sounding alarm over central bank’s response in event of debt crisis
Bowman’s Fed may limp on by after cuts
New vice-chair seeks efficiency, but staff clear-out could hamper functions, say former regulators
Philly Fed president says rate cuts could come late in 2026
Paulson points to variety of factors hampering US labour market
2025: The year in central banking
A look back at the biggest and most popular stories of the year
Dollarisation tends to come in waves – Fed researchers
Authors say the euro once may have been a rival to the dollar
Indonesia holds as Thailand eases policy
Economists predict both countries’ central banks will aim for looser liquidity in 2026
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.
Bostic says Fed is risking its credibility over inflation
Governor questions whether public will ‘lose faith’ after five years of above-target price rises
Fed vice-chair calls US labour market ‘anaemic’
However, Williams also expects economy to ‘pick up steam’ over coming years
Richard Doornbosch on central banking in a tempestuous climate
The president of the Central Bank of Curaçao and Sint Maarten speaks to Christopher Jeffery about addressing legacy financial scandals, transition to a Caribbean guilder, tapping gold holdings and managing a currency peg at a time of US policy uncertainty
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