The assault on central banks

US president Donald Trump wants a looser monetary policy – lower interest rates – to get the economy growing and mitigate the impact of the ballooning US federal debt. Jerome Powell, the chairman of t

Issue of the week: populism and central banks ...

“I know chair Powell,” says US Treasury secretary Scott Bessent. “His term ends in May [2026]. If he wants to see that through, I think he should. If he wants to leave early, I think he should.” Besse

When a president uses his office to launch a cryptocurrency, it is clear that his modus operandi is to part people from their money. Apply this analysis to the global stage, tune out the furore over h

Following a trip in May to a US investment conference to meet with company bosses, James Harries, the manager of STS Global Trust, reported that, “as ever one cannot fail to be impressed by the sheer

Our Dollar, Your Problem An Insider’s View of Seven Turbulent Decades of Global Finance, and The Road Ahead Kenneth Rogoff Yale University Press, £25 For the past eight decades, the US dollar has been