As recession predictions abound, stakes are higher than ever for the number crunchers at the world’s top central banks, who must also contend with the whims of the political class.
Tag: fed
NEW YORK — Should central banks embrace cryptocurrencies, or even pioneer their own? In a nutshell, no. Crypto assets are an unusual innovation, still in flux and often poorly understood. Trying to centralize them in a bureaucracy is exactly the wrong way to go. Yet China’s central bank claims it is working toward a blockchain-based digital currency. Singapore has already experimented in this direction. The phrase “Fedcoin” is sometimes bandied about, though I’ve seen no concrete sign of the U.S. Federal Reserve jumping on this bandwagon. In its recent quarterly review, the Bank of International Settlements asked central banks to […]
-Analysis- NEW YORK — In the celebrated sci-fi comedy “The Hitchhiker’s Guide to the Galaxy,” a supercomputer determines that the answer to life, the Universe, and everything is the number 42. The really difficult task, however, is figuring out what the question was in the first place. Sometimes I feel like interest rate hikes are […]
SOUTH SUDAN CEASEFIRE TALKS BEGINGovernment and rebel representatives of South Sudan have both confirmed the beginning of ceasefire talks in neighboring Ethiopia, almost a month after the alleged coup attempt from soldiers loyal to former Vice President Riek Machar. Read more from Al Arabiya. STATE OF EMERGENCY IN N.Y. AS COLD CONTINUESNew York Gov. Andrew […]
SANTIAGO – The U.S. Federal Reserve’s recently announced stimulus package, designed to strengthen the American economy, offered a clear reminder of the huge gap that exists today between Mexico and the rest of Latin America. While Mexico enthusiastically applauded the Fed’s decision to begin pumping $40 billion per month into the U.S. economy through the […]