The Bank of England left its key interest rate unchanged, and signaled that it may soon raise borrowing costs to contain a surge in inflation triggered by the conflict in the Middle East

Global central banks have adopted a wait-and-see approach to the inflation jump caused by the war with Iran. 2026-04-30 11:08:00 Paul Hannon

Continue ReadingThe Bank of England left its key interest rate unchanged, and signaled that it may soon raise borrowing costs to contain a surge in inflation triggered by the conflict in the Middle East

If these were normal times, Jerome Powell would have just finished his last Fed meeting and would next month relinquish his chairmanship and his separate seat as governor. These are not normal times.

His presence raises the stakes should Trump renew his attacks on the central bank’s independence. 2026-04-30 09:30:00 Greg Ip

Continue ReadingIf these were normal times, Jerome Powell would have just finished his last Fed meeting and would next month relinquish his chairmanship and his separate seat as governor. These are not normal times.