Bloomberg President Donald Trump’s pick for the Federal Reserve Board, Judy Shelton, came under fire from Republican lawmakers, signalling trouble ahead for her nomination. Speaking to reporters after a Senate Banking Committee hearing on her appointment, Senators Richard Shelby from Alabama, Patrick Toomey from Pennsylvania and John Kennedy from Louisiana all said they had not decided if they would vote …

Bloomberg The Swiss National Bank (SNB) is in a bind about how to rein in the franc’s unwanted strength without being labelled a currency manipulator by the US. Policy makers, who’ve resorted to tactics including massive foreign exchange interventions over the years, now have a new complication. SNB President Thomas Jordan has to balance the need to protect the economy …

Bloomberg India’s central bank is reviewing the framework behind monetary policy decision-making as pressure builds on authorities to do more to revive a slowing economy. “Internally we are reviewing, we are analysing how MPC framework has worked” since it’s been in operation, Reserve Bank of India Governor (RBI) Shaktikanta Das told reporters in New Delhi. “If required we will have …