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Fed officials diverge on need for possible interest rate cut

Fed officials diverge on need for possible interest rate cut copy

Bloomberg Two Federal Reserve officials laid out the case for a possible interest-rate cut just days after Chairman Jerome Powell said there was no reason to move in either direction. Two other US central bankers sounded more comfortable with the current policy stance. St. Louis Federal Reserve Bank President James Bullard and Chicago Fed President Charles Evans, both policy voters ...

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Pakistan fires central bank, tax body chiefs

Pakistan fires central bank, tax body chiefs amid imf bailout talks copy

Bloomberg Pakistan’s government removed the governor of the central bank and the head of the tax authority amid the nation’s bailout negotiations with the International Monetary Fund. Tariq Bajwa, chief of the State Bank of Pakistan, and Federal Board of Revenue Chairman Mohammad Jehanzeb Khan were fired because of their “performance,” Firdous Ashiq Awan, a special assistant to Prime Minister ...

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BOE hints at slow rate hikes even as growth improves

Boe hints at slow rate hikes even as growth improves copy

Bloomberg The Bank of England (BOE) signalled that it’s in no rush to raise interest rates despite stronger economic growth, as policy makers stayed united on the need to keep borrowing costs on hold for now. In an upbeat set of forecasts, Governor Mark Carney and his colleagues upgraded their expectations for growth, saying unemployment will fall further and the ...

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