Bloomberg Federal Reserve policy makers are discovering they likely need to shift into an even lower gear if they are to speed up the US economy. Chairman Jerome Powell and colleagues last week estimated that the so-called neutral interest rate — the level which neither stimulates nor restricts growth — now sits around 2.5 percent, down from 2.75 percent in …

Bloomberg Goldman Sachs Group Inc. now expects the Federal Reserve to cut interest rates by 25 basis points in both July and September and isn’t ruling out the possibility of a bigger move of 50 basis points “if the news flow disappoints.” The need to get ahead of the bond market could be another reason to push Fed officials towards …

Bloomberg Policy makers around the globe have been cool to the idea of Facebook Inc.’s planned Libra cryptocurrency. In Switzerland? They liked it so much, Facebook decided to set up shop there. Geneva is “excited” to work with Facebook, the canton’s economic development chief Pierre Maudet said last week after it emerged Facebook had picked the Swiss city as the …