Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. "It will be a budget with real ambition ... a budget to deliver the change we promised....
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as...
Ray Dalio names the top five forces shaping the global economy
Ray Dalio, founder of Bridgewater Associates, speaks onstage during The Wall Street Journal's 2024 The Future Of Everything Festival at Spring Studios on May 22, 2024 in New York City Dia Dipasupil | Getty Images Entertainment | Getty Images SINGAPORE — U.S. billionaire Ray Dalio named the top five...
Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers...