The Fed may create political waves no matter what it does with rates at its meeting this month. The central bank’s thinking will be clearer this week. Source: NYT > Business – Jeanna Smialek
In Firing Central Bank Chief, Turkey’s Leader Trades Credibility for Growth
The move by Recep Tayyip Erdogan dealt a new blow to the central bank’s credibility while threatening to intensify the nation’s wrenching economic crisis. Source: NYT > Business – Peter S. Goodman
Turkey’s President Removes Head of Central Bank
Differences between Recep Tayyip Erdogan and the bank’s governor, Murat Cetinkaya, had deepened as the bank held its benchmark interest rate at 24 percent. Source: NYT > Business – Reuters
Trade War May Be Slowing Business Spending and Factories, Fed Says
A report by Federal Reserve officials said that United States economic activity increased at a “solid pace” in early 2019, but that risks still loomed. Source: NYT > Business – Jeanna Smialek
How Trump’s Feud With the Fed Is Rooted in Presidential History
Federal Reserve chairs and presidents have long had fraught relationships. Source: NYT > Business – Jeanna Smialek
As Trump Blasts Fed, Expansion Steams Toward Record Length
President Trump’s central bank criticism comes in defiance of record stock prices and what is poised to be America’s longest period of economic growth. Source: NYT > Business – Jeanna Smialek