Monetary / Fiscal Policy / Policy Makers
Technological change to challenge monetary policy but could raise output, Bank of Canada governor says
Nov 14 (Reuters) – The widespread adoption of new technologies is making it harder for central banks to manage monetary policy but could also boost potential output, Bank of Canada Governor Stephen Poloz suggested in a research paper on Thursday. In the paper that will form the basis of a speech he is set to …
A Fed interest rate cut is in the bag. What then?
SAN FRANCISCO (Reuters) – U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That’s the easy part. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on …
U.S. job growth seen accelerating, rate cut still expected
WASHINGTON (Reuters) – U.S. job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing evidence the economy is slowing. FILE PHOTO: A “Now Hiring” sign sits in the window of Insomnia Cookies …
IMF’s Lagarde highlights potential disruptive nature of fintech
Christine Lagarde, managing director of the International Monetary Fund (IMF), speaks at the Group of 20 (G-20) high-level seminar on financial innovation “Our Future in the Digital Age”, on the sidelines of the G-20 finance ministers and central bank governors meeting in Fukuoka, Japan, on Saturday, June 8, 2019. Kiyoshi Ota/Pool via REUTERS FUKUOKA (Reuters) …
U.S. Treasury’s Mnuchin says Trump-Xi meeting has parallels to Buenos Aires summit
FUKUOKA, Japan (Reuters) – A highly anticipated late June meeting between U.S. President Donald Trump and Chinese President Xi Jinping has some parallels with their Buenos Aires summit last December that postponed a tariff hike, U.S. Treasury Secretary Steven Mnuchin said on Saturday. U.S. Treasury Secretary Steven Mnuchin talks with China’s Central Bank Governor Yi …
