North America
US inflation regime persistently above target now – Fed economist
Price rises are broad-based and have significantly impacted expectations says researcher
AI, low productivity, and trade in focus at G30
Georgieva, Bailey and Lagarde speak on stretched AI evaluations and distortionary trade policies
Miran accuses FOMC members of alienating conservatives
‘Singling out one set of policies’ can make conservatives ‘feel they’re opposed to them’, said Miran
Powell defends policy stance and balance sheet
Fed chair stands firm, amid criticism from Bessent and others
US inflation expectations at risk of de-anchoring – Boston Fed study
Authors say post-Covid spike has altered perceptions of future price stability
Diverse opportunities lead to more resilient labour markets – study
Minneapolis Fed authors say economic concentration makes it harder for areas to recover from shocks
How FOMC divisions could be a strength, not a weakness
Fed watchers say disagreements make for better policy, provided governors are not in hock to government
Sovereign defaults fell in 2024, says Bank of Canada study
However, debt service payments still high as interest rates remain elevated
Bostic: firms tell me they’re eager to replace humans with AI
Atlanta Fed chief says technology will have a ‘unique’ impact on workers at all skill levels
Experts slam proposal for dollar coin bearing Trump’s image
US treasurer’s suggestion attacked as illegal, monarchical and ‘tacky’
Interest rate risk rules need more work, says Fed’s Barr
Former vice-chair for supervision also says his redraft of Basel III would have softened NMRFs
US Supreme Court says Cook can stay for now
Experts say decision provides grounds for optimism ahead of final ruling in 2026
Dallas Fed president cautious about further US rate cuts
Lorie Logan says inflation ‘not convincingly on track’ to return to 2%
Fed vice-chair says economic uncertainty ‘especially high’
Jefferson says both sides of central bank’s mandate are under pressure because of Trump’s policies
How staff exodus could leave the OCC high and dry
A third of staff set to depart US regulator, but some teams will suffer much heavier losses
AI could fundamentally alter market dynamics – Fed study
Tech is not purely algorithmic as it has inherited human biases, say authors
Waller praises DLT, AI and stablecoins for payments
Governor says there is nothing to fear from new technologies or payment providers
DFAST monoculture is its own test
Drop in frequency and scope of stress test disclosures makes it hard to monitor bank mimicry of Fed models
Logan says FOMC should cut ties with federal funds rate
Dallas Fed chief says repo markets are better alternative to ‘outdated’ target
Trump’s shadow looms over review of regional Fed heads
Experts say president could use process to further erode bank’s independence
Powell and Bowman diverge on tariff and price risks
Fed chair and vice-chair for supervision both express concern for labour market
Miran praises tariffs, deportations and deregulation
Trump appointee says interest rates should be 200bp lower in first speech as governor
Central bankers’ compromised immunity
Just how much legal protection should officials have from spurious lawsuits or wrongful dismissal?
Trump takes Cook’s case to supreme court
US solicitor general argues determining ‘cause’ is at president’s ‘unreviewable discretion’