The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.
The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.
Severe weather carries economic and financial stability risks, officials say. The nation’s top economic authority is paying attention.
Wall Street banks make progress on climate change finance, but a group of big investors representing $1 trillion warn Federal Reserve Chair Jay Powell of systemic market risks.
The world's top three central banks look set to take steps to limit the eco...
Rather than their power base diminishing, they are instead working hand in hand with private developers to ensure that they remain the arbiters of the global financial system. So far, they ...
Central banks say that the public health emergency and international concern over the global economy gives them reason to initiate stimulus and cut rates.
The head of the Bank of England has floated the idea that central banks could create a network of digital currencies to replace the dollar as the world's reserve currency. Those discussions ...
Central bankers are taking backstage in the current coronavirus crisis. Swiss top official Thomas Jordan is being praised for how he has handled the situation so far. ...
Becoming better at explaining and justifying their decisions to the public should be on the agenda
Libra has gone from a cryptocurrency skunkworks project inside Facebook to a potential global monetary game-changer to a shadow of its former self.
WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and ...
Some of the world’s major central banks are teaming up to assess potentially developing their own digital currencies, acknowledging that their role is being challenged by new technologies ...
Christine Lagarde thinks it is mission-critical. Others think it is mission creep
The Federal Reserve is running out of runway to lower interest rates. President Donald Trump wants the Fed to keep cutting anyway.
"They stopped pretending that this is someone else’s problem."
Move suggests the U.S. Federal Reserve may become more proactive on regulations aiming to mitigate climate damage