It’s good to see politicians belatedly waking up to the risk of crypto-currencies. British lawmakers are banging the drum for the regulation of Bitcoin, Ethereum and their brethren in order to protect consumers. It may be too late for all those unfortunates who got burned this year, but it’s still a better look than George Osborne eagerly using a Bitcoin ...

President Trump’s planned nomination of Nellie Liang to the Federal Reserve’s Board of Governors, which oversees everything from interest-rate policy to financial stability, is a little surprising. She’s admirably well-qualified and in every way a good choice. Trump hasn’t always shown such good judgment. Some of the officials he’s appointed elsewhere are even at odds with the missions of the ...

Just when it looked like big central banks were swimming in the same direction, they are starting to come apart. The gaps this time are not explained simply by inflation or employment, but are driven by the international outlook and how that may affect domestic economies differently. Central banks all have domestic mandates, but the world is so inter-connected and ...