North America
US Treasury secretary accuses IMF and World Bank of ‘mission creep’
Bessent says organisations should focus on core goals rather than issues such as climate change
Trump makes a U-turn on Powell
President “might” call Fed chair about lowering rates, but claims he never had any intention of firing him
Inflation uncertainty reaching historic high in US – research
Richmond Fed economist says inflation expectations and uncertainty are rising dramatically
Kashkari stresses importance of Fed independence
Minneapolis Fed chief expresses solidarity with Powell following Trump attacks
Fed officials sound warnings over economic mobility
Vice-chair says it remains core of American Dream, but Philly Fed chief says it is out of reach for many
Trump administration escalates attacks on Powell
Kevin Hassett says White House is studying whether president can fire Fed chair
Trump and Powell’s war of words escalates
Fed chair slams tariffs, while president says Powell’s departure “cannot come fast enough”
Atlanta Fed chief urges caution amid ‘big pause’ in US rates
Bostic compares US central bank to car driving through fog, and says now may be the time to pull over
Bank of Canada holds rates
Governor stresses difficulty in being forward looking amid current uncertainty over US tariffs
Birth determines people’s retirement savings in US – study
US-born seniors have almost three times as much saved as non-citizens, Minneapolis Fed research finds
Inside the week that shook the US Treasury market
Rates traders on the “scary” moves that almost broke the world’s safest and most liquid investment
Disparities in US inflation have policy implications – study
State-level differences in price rises have increased since 2010s, says San Francisco Fed study
SMEs likely to pass on tariff costs to consumers – study
Boston Fed research finds causal link between levies and price rises for consumers
Waller is latest Fed governor to sound warning over tariffs
Board member says effect on growth and jobs likely significant, but inflationary hit could be transitory
Average inflation targeting raised post-Covid prices in US – study
Dallas Fed research argues Fait framework contributed to surging prices
Policy should respond to long-run expectations – Fed study
Such a framework would enhance price stability, paper argues
Dallas and Minneapolis Fed chiefs sound alarm over tariffs
Logan and Kashkari highlight risks to inflation and employment
US Treasury volatility highlights repo market risks
Yields spiked overnight as tariffs came into effect, piling pressure on heavily leveraged hedge funds
CFOs gloomy about impact of tariffs on US – Atlanta Fed study
Survey shows C-suite’s early worries about trade barriers
Current and former Fed officials lambast Trump tariffs
Bloom Raskin says central bank is now “last bulwark” against measures’ inflationary impact
‘Declaring war on the world economy’: economists react to Trump tariffs
Early estimates point to stagflation in US, as tariffs hit highest level since early 20th century
OCC withdraws climate risk principles for largest banks
Acting comptroller calls principles overly burdensome and duplicative
US monetary policy affects income inequality – Fed research
Surprise rate hikes affect lowest paid, authors find
Legal framework key to keeping money’s singleness – study
Interoperable blockchain payment systems could present challenges, say NY Fed researchers