Federal Reserve Chair Jerome Powell noted on Wednesday that the surge in United States inflation throughout 2021 was initially considered a "transitory," which led the central bank to hold off on raising interest rates at the time.Speaking before the House Financial Services Committee, Powell...
United States National Economic Council (NEC) Director Lael Brainard hailed on Thursday the latest data on inflation for the country, stating that the Biden administration keeps "making progress, with inflation returning to pre-pandemic levels.""Today's report shows inflation has fallen back down to...
Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk warned about the rise in federal government spending, adding it could lead the United States to bankruptcy."Federal government spending will bankrupt the country, unless action is taken to reduce government...
The European Central Bank (ECB) policymakers are largely expected to leave its interest rates unchanged during their March meeting for the fourth consecutive time, maintaining its deposit rate at 4.0%, refinancing rate at 4.50%, and marginal lending facility at 4.75%.
The uncertainty around the...
Turkish Treasury and Finance Minister Mehmet Simsek (pictured center) underscored on Sunday that the country must bring the economy back to "rational ground," with the goal of achieving price stability.
"Reducing inflation to single digits again in the medium term, increasing predictability, and...
United States Treasury Secretary Janet Yellen estimated on Thursday that the global economy is "in a better state than many predicted just a few months ago."
Speaking at the meeting of Group of 20's (G20) finance ministers and central bank governors (FMCBG) in Bangalore, India, Yellen said...
Bank of England (BoE) Governor Andrew Bailey described on Thursday the supply chain issue, energy prices, and food prices as the "big three" factors driving inflation up.
Speaking at a press conference following the BoE's decision to raise the key interest rate by 50 basis points, Bailey spoke about...
Member of the European Central Bank (ECB) Governing Council and Central Bank of Ireland President Gabriel Makhlouf stated on Wednesday that he would not like to "speculate" on how much the institution will hike interest rates while confirming a new rise in March.
Speaking before the Irish...
Monetary policy set by the central banking community was "too expansionary" in previous years, Swiss National Bank Chairman Thomas Jordan said during a panel hosted by CNBC at the World Economic Forum on Friday.
"Probably with the benefit of hindsight monetary policy was all over the place...
The European Central Bank (ECB) announced Wednesday an unplanned Governing Council meeting to discuss current market conditions.
According to the ECB's spokesperson, the attendees will also analyze the sell-off in government bond markets, raising the prospect it could announce a new tool to...
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