North America
Dollar still ‘special’ but Treasuries losing shine – NBER paper
Authors show ‘strong divergence’ between global roles of greenback and US government bonds
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
Rising reliance on internal auditors spooks regulators and industry
Risk managers warn US is substituting supervisors with auditors; could compromise independence
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
Fed independence key to dollar strength – FOMC member
Cleveland Fed chief says geopolitics and high US debt among factors that could ‘unseat’ greenback
Why Trump’s latest Truth should make TradFi twitchy
Wall Street is becoming the villain in US president’s crypto movie
Fed’s Bowman: Basel has driven banks out of traditional loans
Vice-chair for supervision renews call to bring mortgage lending back to banking sector
Middle East conflict creates new uncertainty for the Fed
Additional inflationary risks could jeopardise Trump’s hopes for rate cuts, experts say
R* has increased globally since pandemic – NY Fed research
Higher neutral rates show government bonds might not be as liquid and safe as before, economists say
Banxico took it easy for too long, says economist
Academic believes inflation will remain a challenge for central bank and government
Fed governors extol AI’s ‘transformative’ potential
Waller sounds bullish note on technology, though Cook caveats optimism by warning of impact on jobs
Waller: my next FOMC vote is ‘close to a coin flip’
Governor says January’s positive jobs figures may be ‘noise’ rather than ‘signal’
Kashkari says research criticism is new threat to Fed independence
Minneapolis Fed chief says comments by NEC director are continuation of pressure on monetary policy
Dallas Fed researcher cautions against expansionary policy
Study of US in the 1970s says oil shocks were not primary driver of inflation
FOMC minutes show sharp division in projections
Some members argue rates may need to be raised while others make case for easing
Barr: US labour market ‘especially vulnerable to negative shocks’
Fed governor says FOMC likely to continue holding rates for the time being
Economists warn of emerging ‘sovereign-stablecoin nexus’
Researchers model regulatory options as stablecoins become intertwined with core markets
Banks’ internal markets impact wider funding conditions – paper
Repos from affiliates play key role in channelling liquidity to financial system, authors find