Finances

Attacking the Federal Reserve Is Self-Defeating

Finances Simon Johnson - September 7, 2025.

Elected political leaders often express frustration with monetary policymakers. If only the central bank would lower interest rates, they reckon, businesses and households could borrow more...

Does Europe Need a Euro Stablecoin?

Finances Lucrezia Reichlin - September 3, 2025.

Europe has high hopes for the “digital euro” now in development. Cash has long served as the ultimate anchor for commercial bank deposits – direct...

Trump, the Federal Reserve and the question of independence – a legal precedent that could change the world

US Tomorrow's Affairs Staff - September 2, 2025.

At a time when the global economy is facing instability – from energy disruptions and waves of inflation to the fragmentation of global trade –...

What characteristics will the next Fed chair need to succeed?

Finances Glenn Hubbard - August 19, 2025.

While recent media coverage of the US Federal Reserve has tended to focus on when, and by how much, interest rates will be cut, larger...

Are The Crypto Crises Coming?

Finances Simon Johnson - August 6, 2025.

Having adopted one major piece of digital-currency legislation (the GENIUS Act) and with more pending (the CLARITY Act has passed the House of Representatives), the...

The ECB will operate as a risk manager

EU Marcel Fratzscher - July 29, 2025.

With its latest strategic review, the European Central Bank has embarked on what is arguably its most profound transformation since its establishment in 1998. Although it...

Green Finance – How to resist the pressure from the US?

Finances Howard Davies - July 25, 2025.

At the United Nations Climate Change Conference in Glasgow (COP26), back in 2021, Mark Carney bestrode the financial world like a colossus. Now Canada’s prime minister,...

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