BNY CEO Calls Attacks on Federal Reserve ‘Counter-Productive’

Bank of New York Mellon Corp.’s top executive called the US Justice Department’s attacks on the Federal Reserve “counter-productive” to the Trump administration’s goals of boosting the US economy and prioritizing affordability. The US central bank’s independence has...

Citi Says Europe Could Also Face Central Bank Independence Risk

Central bank independence could come under threat in Europe over the coming years, should an ongoing move toward issuing shorter-dated bonds tempt politicians to push for lower interest rates, according to Citigroup Inc. Monetary policy is already under pressure in...

The Economic Toll of Trump’s Policies Will Soon Be Visible

Mainstream economists have underestimated the cost of all the confusion the administration has unleashed, particularly on trade and immigration. Many forecasters and investors misinterpret what is happening in the American economy. Some believe the uncertainty around...

Gold and Silver Storm to Records as Fed Hit With DOJ Subpoenas

Gold and silver climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns about the central bank’s independence. The yellow metal spiked above $4,600 an ounce, while...

‘Sell America’ Trade Is Revived by Trump’s Latest Fed Attack

“Sell America” sentiment rippled through markets on Monday after the Trump administration escalated its attacks on the Federal Reserve, fanning concerns over the central bank’s autonomy in setting interest rates. The dollar, Treasuries and US equities futures slid...