Tag: Central banking
Eastern Caribbean dollar goes digital, a help for unbanked
SAN JUAN, Puerto Rico — The Eastern Caribbean has created its own form of digital currency meant to help speed transactions and serve people...
UN experts pull back on corruption claims against Yemen
UNITED NATIONS — The U.N. panel of experts monitoring sanctions against Yemen has pulled back from its claims of corruption and money laundering by...
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
US 30-year mortgage rates jump to 3.17%, highest since June
McCLEAN, Va. — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows.
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Fed says restrictions on bank dividends and buybacks to end
WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...
Survey: Business economists favor increased federal spending
WASHINGTON — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that...
Turkish lira plummets after Erdogan fires central bank chief
ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...
Turkey’s president fires central bank governor by decree
ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for...
Powell: US economy gaining, but recovery ‘far from complete’
WASHINGTON — Federal Reserve Chair Jerome Powell reiterated his belief Friday that while the U.S. economy has been steadily rebounding from the devastation caused...
Fed to end relaxed capital requirements for large banks
WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...
