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The Bank of England on Wednesday said the outlook for financial stability in the U.K. has worsened in recent days, and that the risks associated with Greece and its failure so far to reach a deal with its international creditors threaten to trigger a selloff in financial markets that could ripple through to the wider global economy.
As Greece defaults on its payments to the International Monetary Fund, is the emergency lender at risk of repeating bailout history? So say some of its sharpest critics.
Federal Reserve Bank of St. Louis President James Bullard said Tuesday Greek economic problems are unlikely to affect the U.S., leaving the Fed on track for rate rises later this year.
St. Louis Fed President James Bullard warned very low interest rates could create problems in the financial system, and suggested that in the future the U.S. central bank may need to set short-term rates at higher levels than would normally be the case to mitigate those risks.
Federal Reserve Vice Chairman Stanley Fischer said Tuesday that Fed policy makers are on track to raise interest rates “when we have seen further improvement” in the labor market and inflation.
Federal Reserve Vice Chairman Stanley Fischer said Tuesday that Fed policymakers are on track to raise interest rates “when we have seen further improvement” in the labor market and inflation.
The Wall Street Journal’s Daily Report on Global Central Banks for Tuesday, June 30, 2015. Jon Hilsenrath sees more danger in the uncertainties around China's prospects than the knowns of Greece's grim fate.
Federal Reserve Bank of New York President William Dudley highlighted the importance of consistent international standards to the safety and soundness of the global payment and market infrastructure system.
The unorthodox world of central bank policy, in vogue since the global economy plunged into a deep banking and markets crisis almost a decade ago, will remain the norm for some time yet, according to the head of Australia's central bank.
A default by Greece on a payment due to the IMF Tuesday would be the first by an advanced economy in the fund’s seven-decade history, pitching the country deeper into crisis. Here's what could happen.
Events scattered across three continents serve as a reminder that the global economy remains a treacherous place.
British consumers are feeling more upbeat than they have in the last decade and a half, so concludes one new survey. The survey, due to be released Tuesday by market-research firm GfK Group, showed consumers were more optimistic about both their personal financial situation and the general economy in June than they had been since January 2000.
Richard Fisher, who left the Federal Reserve Bank of Dallas in March, joins Barclays as a senior adviser July 1, the bank announced Monday.
Taking money from the rich and giving it to those less well-off may not generate the stimulative boost to the economy many economists and policymakers currently believe.
Raising interest rates too early could risk another recession in the U.K., the Bank of England’s chief economist Andy Haldane plans to say during a speech Tuesday.
With Greece on the brink of leaving the eurozone and global financial markets panicked by that prospect, eurozone policy makers can't have expected favorable reviews Monday for their recent efforts. So they won't have been surprised as a queue of academics formed to detail their failings.
The Wall Street Journal’s Daily Report on Global Central Banks for Monday, June 29, 2015. Brian Blackstone sees events over the weekend demonstrating a clash between the theory and practice of central banking.
The Federal Reserve should wait until the middle of 2016 to start raising short-term interest rates from near zero to ensure the economy is on a firmer footing and inflation is returning to the central bank’s 2% target after undershooting it for more than three years, the IMF says.
Here is a roundup of recent statements by top U.S. officials, including policy makers at the Fed, about international developments, how they might be felt in the U.S. and the implications for monetary policy.
U.S. Treasury Secretary Jacob Lew urged the head of the IMF and his German and French counterparts Saturday to continue to seek an emergency financing deal for Greece despite a breakdown in negotiations.