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Central banks

  • Wednesday, 6 May, 2026
    Global Economy
    Fast-moving indicators are now showing the effects of the Gulf war

    Monthly surveys of economic activity and confidence have fallen more sharply among energy importers than in the US

    2 hours ago
    Montage of factory with smoke stacks and central bank logos
  • Tuesday, 5 May, 2026
    Global Economy
    Central banks prepare for a long war

    Officials are softening people up for difficult decisions ahead. Also in this newsletter, how oil prices work

    Chris Giles
    Premium content
    A person points at a digital map showing dense vessel traffic in the Strait of Hormuz on a ship-tracking website.
  • Monday, 4 May, 2026
    Global Economy
    Powell out

    Jay Powell has overseen his last Fed meeting as chair even if he plans to stay on as governor

    Kevin Warsh raises his right hand while being sworn in during a Senate confirmation hearing.
  • Saturday, 2 May, 2026
    FirstFT
    Q&A: The future of the Federal Reserve

    The US central bank is at a pivotal moment in its history

    Premium content
    Jerome Powell is shown speaking on a television screen at the NYSE, with traders working in the background.
  • Friday, 1 May, 2026
    Global Economy
    Alphaville. Why the US should refuse the UAE a dollar swap line

    The UAE wants a swap line. The US wants to give it. Why?

  • Thursday, 30 April, 2026
    Global inflation
    ECB and BoE warn of rate rises as they grapple with Middle East shock

    Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation

    A worker in safety gear watches as the oil tanker HELGA is moored at an offshore terminal, with a tugboat nearby.
  • Thursday, 30 April, 2026
    Global Economy
    The FT View. Jay Powell’s defiant curtain call

    Kevin Warsh still needs to prove that he can stand up to the US president

    The editorial board
    Jerome Powell walks past a row of American flags and Federal Reserve flags on stage at a press conference.
  • Thursday, 30 April, 2026
    Global Economy
    Explainer. Inflation and interest rates tracker: see how your country compares

    Inflationary pressures are beginning to wane. Explore the latest data through interactive charts

  • Thursday, 30 April, 2026
    European Central Bank
    ECB holds interest rates at 2% as inflation rises

    Policymakers warn risks to Eurozone economy from Middle East conflict have ‘intensified’

    Four EU flags in front of the European Central Bank tower building under a sunny sky.
  • Thursday, 30 April, 2026
    Federal Reserve
    Bond investors brace for ‘volatile’ Fed transition as Powell stays on

    Kevin Warsh will be trying to shift central bank’s approach at time of deep division, say fund managers

    Jay Powell walks past US flags holding a binder after his final press conference as Federal Reserve Chair.
  • Thursday, 30 April, 2026
    FT live news
    Central bank decisions as they happened: ECB keeps interest rates as inflation rises, Bank of England holds but says ‘ready to act’

    US economy undershoots expectations to grow 2% rate in first quarter

  • Wednesday, 29 April, 2026
    Federal Reserve
    Powell vows to remain on Fed board as he warns over attacks by Trump

    US central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

    Jerome Powell speaks at a podium during a press conference, with American flags and Federal Reserve emblems in the background.
  • Wednesday, 29 April, 2026
    Federal Reserve
    Warsh can bring a much-needed trade-off on rates to the Fed

    The designate chair has signalled a willingness to take the central bank’s balance sheet into account when setting monetary policy

    David Zervos
    Kevin Warsh gestures while speaking during a Senate Banking Committee confirmation hearing.
  • Wednesday, 29 April, 2026
    Stablecoins
    The stablecoin stumbling block

    The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions

    Daniel Heller
    Donald Trump holds up the signed "Genius Act" document while people around him applaud at the White House.
  • Tuesday, 28 April, 2026
    Unhedged Podcast23 min listen
    Gloom and boom

    Why the markets rise despite chaos

  • Tuesday, 28 April, 2026
    Chris Giles on Central Banks
    An optimistic outlook for Warsh at the Fed

    Much of the nominee’s testimony was just a different way of expressing current US monetary policy

    Premium content
    Kevin Warsh speaking, with the Federal Reserve System seal in the background.
  • Tuesday, 28 April, 2026
    Bank of Japan
    Bank of Japan holds rates and raises inflation forecast on Iran war turmoil

    Three members dissent as central bank warns growth likely to slow and corporate profits to suffer

    The Japanese flag flutters in the wind at the Bank of Japan
  • Monday, 27 April, 2026
    Global inflation
    Top central banks gamble they have time on inflation risks

    Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts

    The front of the Marriner S. Eccles Federal Reserve Board Building is partially obscured by construction fencing, with several people walking past the site.
  • Sunday, 26 April, 2026
    US interest rates
    What signals can investors expect from the Fed?

    Market Questions is the FT’s guide to the week ahead

    Jay Powell speaks at a podium during a Federal Reserve press conference, with multiple US and Federal Reserve flags behind him.
  • Friday, 24 April, 2026
    Monetary Policy Radar
    Sidestepping

    Kevin Warsh was not ready to disagree with Donald Trump in front of the Senate banking committee

    Kevin Warsh speaks into a microphone during his Senate banking committee confirmation hearing.
  • Friday, 24 April, 2026
    US dollar
    The limits on Bessent’s Treasury swap lines

    The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints

    Scott Bessent speaks at a podium during a press briefing at the White House, gesturing with his right hand.
  • Friday, 24 April, 2026
    European Central Bank
    ECB steps up its challenge to Visa and Mastercard 

    Central bank picks technology rules that will pave way for digital euro by 2029

    Mastercard and Visa credit cards positioned in front of the EU flag with yellow stars.
  • Friday, 24 April, 2026
    Federal Reserve
    The danger of weaponising dollar swap lines

    Putative Fed chair Kevin Warsh could embrace Treasury secretary Scott Bessent’s geoeconomic agenda

    Gillian Tett
    Illustration of the White House depicted with an open mouth bearing teeth with symbols representing the Federal Reserve building inside in the mouth
  • Thursday, 23 April, 2026
    Bank of Korea
    A central banking star comes home

    Economist Shin Hyun-song is renowned abroad but now must tackle slow growth and inflation

    Shin Hyun-song, seen in Seoul in April
  • Wednesday, 22 April, 2026
    Global Economy
    The FT View. AI should not drive today’s interest rate decisions

    How the technology will affect prices is still uncertain

    The editorial board
    Aerial view of a large three-level data center under construction in Vernon, California, with the city skyline in the background at sunset.
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