Bloomberg In a world of persistently low inflation and slowing economic growth, central banks are finding a useful instrument in their toolboxes to curb financial risk. Macroprudential measures — such as limiting who gets a mortgage and adjusting banks’ reserve requirements — have gained traction with central banks since the global financial crisis, and are proving effective. The targeted tools ...

Bloomberg Stephen Moore, who Donald Trump may nominate for a seat on the Federal Reserve Board, told the New York Times in an interview that the central bank should immediately reverse course and lower interest rates by half a percentage point. That’s a contrast from language used by sitting board members in recent days. San Francisco President Mary Daly told ...

Bloomberg Mario Draghi said the European Central Bank (ECB) is ready to soften the impact of negative interest rates if they are found to harm the transmission of its monetary policy. “If necessary, we need to reflect on possible measures that can preserve the favorable implications of negative rates for the economy, while mitigating the side effects, if any,” the ...