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              Chris Giles on Central Banks

              ‘Chris Giles on Central Banks’ is the latest weekly newsletter (sign up here) from the Financial Times. Written by economics commentator and former economics editor Chris Giles, it is an essential guide to money, interest rates, inflation and what central banks are thinking.

              The newsletter dissects the current trends, discussing the latest thinking on economics relevant to central banking. It provides in depth commentary on the big themes, generating engagement with readers, as well as linking to other central banking stories on FT.com and elsewhere.

              • Tuesday, 7 January, 2025
                Monetary policy
                Divergence: the balance sheets edition Premium content

                What size and shape should they be? Central banks are divided

                Christine Lagarde, Jay Powell and Andrew Bailey
              • Tuesday, 31 December, 2024
                Central banks
                Rising concerns about economic prospects for 2025 Premium content

                The year no longer appears likely to bring leading economies into a steady state

                A digital illustration of a rainbow in a pot of gold
              • Tuesday, 17 December, 2024
                Global inflation
                Five central banking lessons for 2024 Premium content

                Advanced economy officials have had a good year, but not quite a vintage one

                Montage including photos of Jay Powell, Christine Lagarde and Andrew Bailey
              • Tuesday, 10 December, 2024
                Central banks
                Can robots replace humans in monetary policy? Premium content

                No, but machines are making some serious progress

                A cleaning robot beside a euro currency symbol in the atrium of the European Central Bank in Frankfurt, Germany
              • Tuesday, 3 December, 2024
                European Central Bank
                Europe lacks a monetary response to Trump Premium content

                Uncertain inflationary effects leave the ECB hoping for the best

                Montage of ECB president Christine Lagarde and a euro symbol
              • Tuesday, 26 November, 2024
                UK inflation
                Financial markets do not trust the BoE to deliver low inflation Premium content

                They expect UK inflation to average around 3%, much higher than the US, Germany or France

                Bank of England governor Andrew Bailey
              • Tuesday, 19 November, 2024
                Global trade
                Tariffs and taxes are not very inflationary Premium content

                Households will pay, but probably not through much higher prices

                A montage of the images of Donald Trump, the Federal Reserve building and a chart
              • Tuesday, 5 November, 2024
                US presidential election 2024
                Can economics model Trump? Premium content

                Economists are trying to calibrate a Republican victory and finding it extremely difficult

                Donald Trump sits inside a garbage truck, wearing a high-vis vest, on tarmac at an airport in Green Bay, Wisconsin, US
              • Tuesday, 29 October, 2024
                Monetary policy
                The elusive pivot from monetary to fiscal tightening Premium content

                IMF wants lower interest rates and government deficits. That looks unlikely

                US Fed chair Jay Powell and UK chancellor Rachel Reeves chat before the start of an IMF meeting in Washington, DC
              • Tuesday, 22 October, 2024
                Gilts
                Liz Truss’s mini-Budget: lessons from a moronic episode Premium content

                Central banks should not deny they will act in a crisis and Labour’s Budget is not another Truss moment

                Liz Truss and Kwasi Kwarteng in the House of Commons in 2022
              • Tuesday, 15 October, 2024
                Central banks
                American interest rates need to rise Premium content

                Lessons for the US from the Brazilian canary in the coal mine

                Shoppers at a grocery store in Rio de Janeiro
              • Tuesday, 8 October, 2024
                US economy
                US consumers leave Europeans in their wake Premium content

                What lies behind the remarkable post-pandemic US consumption recovery?

                Shoppers carry bags from Selfridges department store and Louis Vuitton in central London
              • Tuesday, 1 October, 2024
                Monetary policy
                Pace of rate cuts is uncertain Premium content

                Central banks are in cutting mode — but how fast they will lower interest rates remains unclear

                Montage with photos of Jay Powell, Christine Lagarde and Andrew Bailey
              • Tuesday, 24 September, 2024
                Central banks
                Three questions for Jay Powell Premium content

                The Fed went all out last week. The aftershocks of the jumbo cut are still reverberating

                Federal Reserve chair Jay Powell
              • Tuesday, 17 September, 2024
                Chris Giles
                A crisis of confidence at the Fed Premium content

                Its self doubt comes in a decisive week for central banks

                Federal Reserve chair Jay Powell
              • Tuesday, 10 September, 2024
                Federal Reserve
                The Trumponomics problem for the Fed Premium content

                Tariffs, deportation and fiscal incontinence would challenge the central bank, while its independence could be under threat

                A lawn sign in opposition to former president and Republican presidential nominee Donald Trump in Beverly Hills, Michigan
              • Tuesday, 3 September, 2024
                Central banks
                Why Kamala Harris’s price proposals could be damaging for the US economy Premium content

                Presidential candidate’s economic plan is good politics but its impact is likely to be underwhelming

                A close-up image  of a pair of trainers with the words “Harris for president” on them
              • Tuesday, 27 August, 2024
                Monetary policy
                Lessons in monetary transmission Premium content

                At Jackson Hole, central bankers offered different views about the tools of their trade

                Grand Teton National Park, where central bankers gathered this week for the annual Jackson Hole symposium
              • Tuesday, 20 August, 2024
                Central banks
                The legacy of a thin market crash Premium content

                Ahead of Jackson Hole, August’s financial turmoil and feverish response now look a little silly

                Traders work on the floor of the New York Stock Exchange
              • Tuesday, 13 August, 2024
                US presidential election 2024
                Decoding Harris and Trump on inflation Premium content

                The question is whether we judge their words seriously or literally

                Donald Trump and Kamala Harris
              • Tuesday, 6 August, 2024
                Central banks
                Seven lessons from three central bank meetings Premium content

                The BoJ raised rates, the Fed was on hold and the BoE cut and then it all went wrong

              • Tuesday, 30 July, 2024
                Global inflation
                Learning to trust the forecasts Premium content

                Central bank inflation forecasts have become much more accurate, so why are they still in the doghouse?

                A montage of a card payment machine and a chart
              • Tuesday, 23 July, 2024
                Central banks
                How will the Fed and ECB change their monetary strategies? Premium content

                The fate of FAIT and a fait accompli

                A photo showing US dollar bills in a pile
              • Tuesday, 16 July, 2024
                US inflation
                ’Tis the season to be happy (about US inflation) Premium content

                Latest figures put Fed on a glide path towards monetary easing

                Fed chair Jay Powell
              • Tuesday, 9 July, 2024
                Central banks
                When inflation models go wrong Premium content

                Academic work on display at the ECB forum failed sniff and scale tests

                A view of Sintra in Portugal
              Previous page You are on page 1 Next page

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