Central banks are searching for new tools

Jan 23, 2020
The ECB and the Federal Reserve are attempting to figure out if their approach to monetary policy still works.
European Central Bank President Christine Lagarde said she’s also looking for answers from the public on how to change the bank's monetary policy strategy.
Chip Somodevilla/Getty Images

Turkey raises interest rates to stem currency crisis

May 23, 2018
The Turkish lira has been on a wild slide recently. It dropped 5 percent against the dollar Wednesday, its biggest loss in nearly a decade, before the country’s Central Bank stepped in with an emergency meeting that reversed some of those losses. The bank finally did something it’d been resisting. Something its president had been […]

Trump's Fed chair nominee is a lot like Yellen. So why replace her?

Nov 2, 2017
The key difference? Jerome Powell was selected by Trump and Yellen wasn't.
President Donald Trump nominated Jerome Powell for Federal Reserve chair.

A fully public Fed?

Aug 26, 2016
Protesters on the left, as well as some economists, want to revamp the Fed.
A view of the Federal Reserve Bank of St. Louis, one of the 12 regional Reserve Banks.
Matthew Black/Flickr

There's no one magic number for the Fed

Dec 15, 2015
We're as sure as we can be that a rate hike is going to happen, but how big will it be?