Finances

Why the ECB should not raise interest rates yet?

Finances Philippe Legrain - June 7, 2026.

The European Central Bank appears set to raise interest rates on June 11. Policymakers’ statements suggest this, markets expect it, and the ECB’s economic analysis...

Europe is centralising financial power

EU Tomorrow's Affairs Staff - May 30, 2026.

On 28 May in Berlin, the finance ministers of the six largest economies of the European Union – Germany, France, Italy, Spain, the Netherlands and...

US is building a private digital dollar

Finances Tomorrow's Affairs Staff - May 18, 2026.

The debate currently taking place in the US Senate on the regulation of stablecoins may initially appear to be another technical discussion about the crypto...

Will Jerome Powell's legacy be preserved?

Finances Desmond Lachman - May 5, 2026.

History is likely to be as kind to Jerome Powell, the outgoing chair of the US Federal Reserve Board, as it has been to Winston...

Is the US dollar starting to lose its status as the world's currency?

Finances Kaushik Basu - May 2, 2026.

As the economic consequences of US President Donald Trump’s war against Iran become evident, policymakers around the world are running out of patience. The recent Spring...

Trump’s Self-Defeating Attacks on the Fed

Finances Michael R. Strain - April 23, 2026.

US President Donald Trump has three goals for the Federal Reserve: He wants a new chair; he wants the current chair, Jerome Powell, off the...

The myth of the commodity shock: global money supply is soaring again

Finances Daniel Lacalle - April 20, 2026.

Global money supply is soaring again, while money velocity remains depressed and uneven across regions. This highlights a key point: commodities transmit relative price signals, but...

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