Rochelle M. Edge and Dan LiThis paper proposes an approach to enhance the Federal Reserve's readiness to undertake market-functioning asset purchases during Treasury market disruptions.
Colin WeissI examine how governments have managed their holdings of gold and dollar reserves in recent decades, a period when gold’s share of aggregate international reserves rose and the dollar’s share fell. Using data on central banks’ reserve currency composition and official sector purchases of U.S. assets, I argue that gold reserve accumulation is generally not associated with de-dollarization of international reserves at the country level, except in a few prominent cases.
The debate over former deputy prime minister Angela Rayner’s tax arrangements demonstrated that there are few topics more complex than the law of trusts. It was politically awkward, to say the least, when a deputy PM and housing secretary had to admit getting it wrong, and underpaying £40,000 in stamp duty.
Tada ImagesA year ago, Google faced the prospect of being dismantled. Today, artificial intelligence (AI) and a new court judgment has helped it avoid this fate. Part of the reason is that AI poses a grave threat to Google’s advertising revenues.
Trade rebounded slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States, data released Thursday showed.
Professor Stephen Blyth has been appointed, and Dr Randall Kroszner reappointed, as external members of the Financial Policy Committee by the Chancellor of the Exchequer, Rachel Reeves
People often say that a single spark can light a fire.
In careers, that spark is often a person. It might be someone early in life who cracks open a door, offers encouragement, or quietly shows what success can look like. What’s less obvious is how profoundly that very first connection can shape everything that comes afterward.
AI says buy. SWKStock/ShutterstockMaking AI quicker, smarter and better is proving to be a very expensive business.
The Bank of England has today published a Discussion Paper on potential measures to enhance the resilience of the UK government bond (‘gilt’) repo market
The latest meeting of the Standards Advisory Panel (SAP)
