United States
Trump to Powell: If you don’t jump, I’ll push you
President threatens to fire Fed chair next month and says criminal probe into central bank must continue
The role of high-denomination banknotes
High-value notes are an important store of value and remain in demand during crises
Governor says RBNZ will tighten policy if inflation rises
Central bank holds and offers ‘uncertain’ estimate of inflation being well above target
Central banks face ‘double whammy’ from Iran war
Policy-makers will have to tackle impact of higher inflation and greater fiscal stimulus
Geopolitics and debt are headwinds for dollar – Hammack
Cleveland Fed president says greenback’s long-term pre-eminence cannot be ‘taken for granted’
NY Fed blog explores two sides of monetary policy
Short-term rates and balance sheet size both strongly affect money market conditions, study finds
Powell: We do not see systemic risks from private credit
Fed chair speaks on independence, financial stability and more at Harvard
Exporters to US paying only 5% of Trump’s tariffs – ECB research
Data shows stateside consumers bearing brunt of costs from levies on imports
Dollar still ‘special’ but Treasuries losing shine – NBER paper
Authors show ‘strong divergence’ between global roles of greenback and US government bonds
People: Williams to continue leading BIS markets committee
Plus appointments in Baltics and departures at Bank of Canada
Shrinking Fed’s balance sheet a ‘solvable challenge’ – Miran
Central bank can shed $2 trillion off ledger without hitting scarce reserves threshold, governor says
For collateral, can TINA become TIA?
US Treasuries’ dominance as collateral in repo and derivatives is no longer set in stone, argues economist
Iran war and persistent inflation will derail policy – panellists
Former St Louis Fed president joins ECB and BIS’s chief economists in outlining future paths
Fed should still ease policy amid energy shock – Miran
Governor says his outlook for four rate cuts this year remains unchanged
Rising reliance on internal auditors spooks regulators and industry
Risk managers warn US is substituting supervisors with auditors; could compromise independence
BIS study uncovers credit crunch driven by geopolitics
Paper finds that lending recovers more slowly than trade following shock events
US blows the floors off Basel III
Barr criticises 'downward deviations' in US rule; Bowman rejects 'blind adherence' to global standards
Interest rate crosswinds buffet IRRBB teams
Political intervention and rapid-fire law changes are skewering bank models for forecasting cashflows
Fed holds amid uncertainty over oil shock and tariffs
Powell pledges to stay on as interim chair if Warsh’s nomination is not confirmed in Senate
Fed watchers welcome court ruling on Powell
However, expert says DoJ’s appeal against decision could thwart Warsh’s confirmation as Fed chair
BIS urges central banks to look through energy price surge
Oil and gas prices up 40% and 60% respectively since Middle East conflict began