Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By ...

The independence of central banks is essential for monetary stability, Bank of Italy Governor Fabio Panetta said on Tuesday, amid a spat between the Italian government and the European Central Bank ...

The autonomy, indeed, the very existence of a central bank has been the subject of debate since the founding of the country. Alexander Hamilton, the first Sectary of the Treasury and Thomas Jefferson ...

President Donald Trump’s on-again, off-again feud with Federal Reserve Chairman Jerome Powell has market observers apprehensive. Economists, policymakers, businessmen, and commentators are worried ...

The Bank of England’s governor has warned that threats to the independence of central banks was a “dangerous road to go down” amid Donald Trump’s attempt to sack the governor of the US Federal Reserve ...

WASHINGTON — President Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central ...

A new report from Goldman Sachs economists examined the risks of undermining the independence of central banks to set monetary policy free of political interference. The report concluded that it can ...

Federal Reserve Chairman Jerome Powell is facing the kind of political fire from the White House that would have seemed unthinkable before the rise of Donald Trump. Not since Richard Nixon has a ...

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Cristina Bodea, Michigan State University and Ana Carolina Garriga, University of ...

U.S. President Donald Trump looks on as his then-Fed chair nominee Jerome Powell steps to the lectern. (Drew Angerer/Getty Images) Nearly every country in the world has a central bank — a public ...

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...