Indonesia's economy is showing resilience, with a growth target of 5. 2% for 2025, despite recent setbacks. The finance minister shared this update, highlighting that the fourth quarter saw even faster growth. This positive outlook extends into 2026, with a growth target of 5. 4% for the $1. 4 trill
In a show of unity, Federal Reserve Vice Chair Philip Jefferson recently praised Jerome Powell, the Fed's chair, calling him a person of the highest integrity. This comes after Powell revealed that the Department of Justice had subpoenaed the Fed and even threatened him with criminal charges. Powell
South Korea's financial leaders are stepping up to tackle a sliding currency. The won has been on a downward slope, and it's not following the usual economic rules. Finance Minister Koo Yun-cheol made it clear that they're keeping a close eye on the situation. He promised to address the imbalance in
The search for the next Federal Reserve chair is heating up, with President Donald Trump expected to make a decision soon. Three main candidates are in the running: Kevin Warsh, Kevin Hassett, and Christopher Waller. All three have promised to uphold the Fed's independence, but they also share a pre
Prices went up, but not as much as experts thought they would in November. This gave investors a glimmer of hope that inflation might be slowing down. The consumer price index (CPI) showed a 2. 7% annual increase, which was lower than the predicted 3. 1%. Even when you take out the wobbly prices of
Christopher Waller, a Federal Reserve Governor, recently made it clear that he would strongly defend the central bank's independence if it were ever challenged by a U. S. president. Waller, who is considered a top contender to replace Jerome Powell as Fed Chair next year, shared his thoughts during
The U. S. Treasury Secretary, Scott Bessent, recently shared his thoughts on the Federal Reserve's approach to managing interest rates. He believes the current system is too complex and needs a major overhaul. According to Bessent, the Fed's strategy for controlling interest rates has become overly
China's central bank, the People's Bank of China (PBOC), decided to keep its key lending rates steady for the fourth month in a row. This decision came despite the U. S. Federal Reserve's recent rate cut. The one-year loan prime rate (LPR) remained at 3. 0%, and the five-year LPR stayed at 3. 5%. T
The Federal Reserve's top boss, Jerome Powell, had a chat with President Donald Trump. This wasn't just a friendly meet-up. Trump has been pushing hard for the Fed to drop interest rates. Powell, however, made it clear that the Fed's decisions won't be swayed by politics. He stressed that the Fed's
The Federal Reserve is in a tough spot. They're trying to figure out how to handle both rising inflation and increasing unemployment. This is a big challenge, and it's not just a short-term issue. The Fed's own staff has warned about a higher chance of a recession, according to the latest meeting no
