US Federal Reserve

Attacks on Fed independence undermine US dollar: ECB’s Villeroy

He says fears of the US weaponising dollar-based payments are driving some to build alternatives

By most estimates, investment in AI infrastructure accounts for the vast majority of US economic growth, masking slowdowns in consumer spending and services sector activity.
OUTLOOK 2026

The AI bubble will surely pop sometime, but it’s an irrational exercise to predict exactly when

Even US Federal Reserve chairman Jerome Powell has confessed that economic trends and the impact of AI are confusing him

Six officials outright opposed an interest rate cut and two of that group dissented as voting members of the Federal Open Market Committee.

US Fed officials showed deep divisions at December meeting: minutes

THE US Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the US economy right now, according to minutes of the latest two-d...

Fed chair Jerome Powell (above) is due to step down in May. US President Donald Trump will soon name a successor, and is expected to choose a political follower.

Investors are flying blind into the ‘Golden Age’

Over the past 12 months, the US has seen even every norm of economic policy – trade, fiscal, monetary – blithely tossed aside

The Fed should limit itself to liquidity support and leave solvency issues to markets and fiscal authorities.

How the Fed became a lender of immediate resort

The blurred line between liquidity support and backing for insolvent institutions has undermined the purpose of central bank independence

Jerome Powell has not said whether he would depart when his tenure as chair ends.

Trump says he still might fire Jerome Powell as Fed chair pick looms

The central bank has lowered interest rates at each of its last three meetings

While it’s not unusual for Treasury securities to command “special” rates in repurchase agreements ahead of a reopening auction, the shortage ahead of the 10-year note reopening that settled on Dec 15 was out of the ordinary.

Fed data shows December surge in 10-year Treasury delivery fails

[NEW YORK] Delivery fails involving 10-year Treasury notes surged to the highest level in eight years this month, a result of the Federal Reserve’s move to shrink its bond portfolio since 2022. 

Stephen Miran has argued for larger cuts since he joined the Board of Governors in September. 

Fed risks recession without more interest rate cuts, says governor Miran

He does not foresee an economic downturn in the near term, but thinks rising unemployment should encourage cuts

According to Schroders’ Year Ahead 2026: Asia Multi-Asset outlook released on Dec 16, Asia is entering a potentially favourable cycle. 

AI and liquidity to drive Asia markets in 2026 amid US fiscal risks: Schroders

The technology sector remains the cornerstone of Schroders’ bullish thesis for the region

Hammack says the ​current policy rate was right, around a neutral level, but would prefer a slightly more restrictive stance to ​help put more pressure on inflation.

Fed’s Hammack signals holding rates steady for months

FEDERAL Reserve Bank of Cleveland president Beth Hammack said she saw no need to change US interest rates for months ahead ‍after ​the central bank cut borrowing costs at its last ‍three meetings, The...