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Central banks

Inflation is a global problem, but different countries face different pressures

by Victoria Craig
Aug 29, 2022
The U.S. is seeing some moderation in energy and food prices. That's not case overseas.
The energy situation in Europe, given its dependence on Russia, and the labor market forces are different from what we're seeing in the U.S.
Getty Images
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Central bankers' group sees a "narrow path" to rein in inflation and maintain growth

by Mitchell Hartman
Jun 27, 2022
It's largely about preventing “inflationary psychology” from becoming entrenched, the Bank for International Settlements said.
The Bank for International Settlements warned that “inflationary psychology” could become entrenched and self-reinforcing. But the effort to douse inflation comes with risk of its own.
Fabrice Coffrini/AFP via Getty Images
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Inflation's a global problem. Curbing it may send some countries' economies into recession.

by Mitchell Hartman
Jun 16, 2022
The U.S. economy might have an easier time achieving a "soft landing" than economies in Europe and elsewhere.
Europe has not yet reached pre-pandemic employment or output levels, and the ECB has signaled an interest rate hike next month. Above, the European Central Bank headquarters in Frankfurt, Germany.
Daniel Roland/AFP via Getty Images
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How Russia could feel the sting of being excluded from SWIFT

by David Brancaccio and Rose Conlon
Feb 28, 2022
Being cut off from the SWIFT system means Russian banks can't legally or efficiently execute transactions.
A protester holds a placard during a rally against Russia's invasion of Ukraine, at Place de la Republique in Paris, on Febr. 26, 2022.
GEOFFROY VAN DER HASSELT/AFP via Getty Images
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How big a problem is rising inflation in the United Kingdom?

by Victoria Craig
Nov 3, 2021
For Alfred G Pearce, the biggest veggie producer in the U.K., signs of inflation are everywhere.
Everyday shoppers in the U.K. paid prices in September that were 3.1% higher than they were a year ago.
Matt Cardy/Getty Images
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Does the Federal Reserve have the power to fight climate change?

by Kai Ryssdal and Andie Corban
Sep 17, 2021
The central bank can "be an assist" on climate risk, says economist Claudia Sahm, but Congress sets the priorities.
Federal Reserve Chair Jerome Powell. The Fed can do research and integrate climate risk into bank stress tests, economist Claudia Sahm says. But mainly it "follows orders; Congress tells it what to do."
Drew Angerer via Getty Images
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COVID & Unemployment

Why the Fed is taking longer than other central banks to ease COVID relief

by Nancy Marshall-Genzer
Jun 16, 2021
The Fed has a dual mandate to control inflation as well as unemployment, unlike other central banks.
A view of the Federal Reserve building in Washington, D.C.
Karen Bleier/AFP/Getty Images
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What role does the Fed have in mitigating climate change?

by Andy Uhler
Jun 4, 2021
The Fed has to walk a fine line between mitigating disaster and shifting monetary policy to focus on fighting climate change.
Federal Reserve Board Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress."
Sarah Silbiger/Getty Images
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COVID-19

World Bank president forecasts "subdued" economic recovery for 2021

by David Brancaccio , Rose Conlon and Alex Schroeder
Jan 6, 2021
And that's if vaccine distribution stays on track, David Malpass says.
"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
Samuel Corum/Getty Images
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COVID-19

In COVID-19 outbreak, IMF urges coordinated action

by Kai Ryssdal and Katherine Wiles
Mar 5, 2020
The IMF had a call with 189 member countries Tuesday to discuss a coordinated response to COVID-19.
IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows instead of shaking hands at a press briefing on COVID-19 in Washington, D.C., on March 4, 2020.
Nicholas Kamm/AFP via Getty Images
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