Jerome Powell didn’t want to remain on the Fed’s board after his term as chair ended. He concluded he had no choice as President Trump’s legal challenges threatened to change how the Fed operates.

The departing Fed chair didn’t want to remain on the board. He concluded he had no choice as President Trump’s legal challenges threatened to change how the Fed operates. 2026-05-03…

Continue ReadingJerome Powell didn’t want to remain on the Fed’s board after his term as chair ended. He concluded he had no choice as President Trump’s legal challenges threatened to change how the Fed operates.

A mammoth economic stimulus passed last year in Germany was meant to jolt the country—and Europe—out of its economic slumber. The problem: Germans just aren’t good at spending money.

While much of the rest of the developed world is swimming in too much debt, Germany is having trouble using just a tiny bit more. 2026-05-03 03:00:00 Bertrand Benoit

Continue ReadingA mammoth economic stimulus passed last year in Germany was meant to jolt the country—and Europe—out of its economic slumber. The problem: Germans just aren’t good at spending money.