Bloomberg
Lagarde Says Inflation to Reach 2% Target in Early 2026
European Central Bank President Christine Lagarde, speaking at a news conference in Frankfurt, says inflation will reach the ECB's 2% target only in early 2026. She made the comments after the Governing Council decided to lower interest...
Bloomberg
ECB Decision: What to Expect From Today's Meeting
The European Central Bank is set to lower interest rates for the sixth time since June, though a volatile economic backdrop is sowing divisions over where to take borrowing costs from here. Bloomberg's Lizzy Burden reports from Frankfurt.
Bloomberg
Bill Dudley on Fed's Communication, Messaging Challenges
Bill Dudley, former New York Fed President, Bloomberg Opinion columnist, and Bloomberg Economics senior advisor, explains how he sees the Federal Reserve falling short in its messaging on policy and his suggestions for how the central...
Bloomberg
Fed Officials Can Be More Cautious With Rate Cuts, Cook Says
Federal Reserve Governor Lisa Cook said policymakers "can afford to proceed more cautiously with further cuts," citing a sturdy labor market and recent bumpiness in inflation data. Cook spoke Monday at the Seventh Conference on Law and...
Bloomberg
Rep. Lucas on Government Funding, Agriculture Tariffs
Representative Frank Lucas (R) Oklahoma, shares his thoughts on whether or not a clean continuing resolution will pass when discussing Congress and government funding. He also talks about President Trump's proposed agriculture tariffs...
Bloomberg
Musalem Favors Patient Approach to Fed Policy
Federal Reserve Bank of St. Louis President Alberto Musalem says that while he anticipates price growth to moderate toward the central bank's 2% goal, it is vital for policymakers to keep inflation expectations in check. Musalem speaks...
Bloomberg
Ghana Suspends Gold-for-Oil Program
Ghana's new central bank chief, Johnson Asiama, has suspended the country's program of paying for oil with gold and expects the cedi to stabilize after its volatility last year. He spoke to Bloomberg's Ondiro Oganga.
Bloomberg
Fed May Need to Balance Inflation, Growth Concerns: Schmid
Federal Reserve Bank of Kansas City President Jeff Schmid warned that the US central bank may soon confront both rising inflation expectations and concerns over economic growth. Schmid said that some recent data and discussions within...
Bloomberg
Can China Avoid Japan's Lost Decades?
Low bond yields, weak inflation and a struggling property market have raised fears China may see its own version of Japan's 1990s "balance sheet recession." Can China change course in time to avoid its own "lost decades?"
Bloomberg
ECB's Nagel on Inflation, Rate Cuts, German Election
European Central Bank Governing Council member and Bundesbank President Joachim Nagel discusses inflation in the euro zone. "We see, in the Governing Council, that inflation will come back to our target maybe by midst of this year and...
Bloomberg
Barr Says Fed Policy 'Inextricably Linked' to Stability
Federal Reserve Vice Chair for Supervision Michael Barr says monetary policy and financial stability are "inextricably linked" at an event hosted by Yale School of Management.
Bloomberg
SARB Says Tariff Concerns Are Complicating Monetary Policy
Uncertainty about global trade is complicating monetary policy, according to South African Reserve Bank Governor Lesetja Kganyago. "Tariffs are a risk to the global economy and to the global disinflation process," he says during an...
Bloomberg
Fed's Jefferson Says AI May Make Asset Prices More Efficient
Federal Reserve Vice Chair Philip Jefferson says artificial intelligence tools may help with the transmission of monetary policy during an event at the San Francisco Fed.
Bloomberg
UK Inflation Climbs to 10-Month High
UK consumer prices increased 3% from a year earlier, accelerating from a 2.5% pace in December, the Office for National Statistics said Wednesday. Bloomberg's Lizzy Burden breaks down the situation.
Bloomberg
Fed's Daly Says Policy Should Be Restrictive Until Inflation Falls
Federal Reserve Bank of San Francisco President Mary Daly said policy needs to remain restrictive until there's more progress on inflation. Daly spoke Tuesday in a question-and-answer session following a speech in Phoenix.
Bloomberg
Chaos, Economic Mismanagement: Boushey on Trump Administration
Heather Boushey, Fmr. White House Council of Economic Advisors Deputy Director, weighs in on current National Economic Council Director, Kevin Hasset's comment that the Biden economy was way worse than markets thought as US jobs data...
Bloomberg
ECB's Vujcic Says Bets on Three More Cuts in 2025 'Not Unreasonable'
European Central Bank Governing Council member Boris Vujcic says policymakers are in a "wait and see" mode regarding the potential impact of US President Donald Trump's trade policies. Speaking in an interview with Bloomberg's Francine...
Bloomberg
Scott Bessent on Musk, DOGE, Privacy, Dollar, Fed
US Treasury Secretary Scott Bessent says Elon Musk and his government efficiency team are not "tinkering" with any federal payment data. He says the group does important work. Bessent also talks about the strength of the US dollar,...
Bloomberg
Fed's Logan Says Further Rate Cuts May Not Be Necessary
Federal Reserve Bank of Dallas President Lorie Logan says interest rates may already be near a neutral level at a Bank for International Settlements event in Mexico City.
Bloomberg
Bessent Says Fannie, Freddie Release Depends on Mortgage Rates
US Treasury Secretary Scott Bessent says that any release of Fannie Mae and Freddie Mac from their current conservatorship would depend on the implications for mortgage rates. Speaking with Bloomberg's Saleha Mohsin, Bessent also says...
Bloomberg
BOE Cuts Rates But Strikes Hawkish Tone
The Bank of England's Monetary Policy Committee voted to cut interest rates to 4.5%, a 19-month low, but struck a hawkish tone by signaling that only two more reductions are needed to bring inflation back to the 2% target. Seven of the...
Bloomberg
Bailey Says Don't 'Put Too Much Weight' on BOE Voting
Bank of England Governor Andrew Bailey cautioned markets against reading too much into the vote split of its interest-rate cut after a surprise switch by rate-setter Catherine Mann prompted investors to boost bets on more reductions. The...
Bloomberg
Bailey: BOE Expects to Be Able to Cut Rates Further
Bank of England Governor Andrew Bailey speaks at a news conference in London after the Monetary Policy Committee voted to cut interest rates to 4.5%, a 19-month low. "We expect to be able to cut bank rate further as the disinflation...
Bloomberg
BOE Day: What to Expect From Today's Decision
The Bank of England is expected to cut interest rates for a third time to 4.5% while downgrading its UK growth forecasts and predicting higher inflation this year. Bloomberg's Lizzy Burden has a preview.