Bloomberg Federal Reserve Chairman Jerome Powell said that while the central bank has made progresstowards a “strong economy” with rising wages, many lower-income workers have been left behind. “The Federal Reserve’s mission is to promote a strong economy and sound financial system,” Powell said in remarks prepared for delivery in Washington. “I am glad to say we have made a ...

Bloomberg Pakistan’s government plans to make the central bank report any planned currency adjustments to a committee, a move seen to curb the regulator’s independence as the nation negotiates an International Monetary Fund bailout. The State Bank of Pakistan has weakened the rupee for the fifth time this year and raised the key interest rate — roiling the stock market. ...

Bloomberg Danske Bank A/S has built a capital buffer of as much as $2.7 billion to absorb potential fines as it deals with the fallout of its role in one of Europe’s worst ever money laundering scandals. Acting Chief Executive Officer Jesper Nielsen says the amount “significantly” exceeds what Denmark’s regulator has ordered Danske to hold in connection with the ...