Economist Richard Berner plans to leave his post as the Treasury Department’s first-ever director of the Office of Financial Research at the end of the year. Mr. Berner didn’t provide a reason for his departure.
Josh ZumbrunWhat do people think of the Office of Financial Research?
There are two types of Fed chairman—commanding personalities and consensus builders—and the nominee is expected to be one of the latter. A look at his career shows Mr. Powell to be a low-key pragmatist.
Randal Quarles became skeptical of government intervention during decades of work in the financial world. Now he is set to take the lead in shaping oversight at one of the greatest interveners of all: the Federal Reserve.
Thanks to John for passing on from Eatsa:
"It's with a heavy heart that we share with you that our D.C. locations are now closed. This was a difficult decision and not one that was taken lightly.
In our eagerness to get our experience in front...
One of the world’s most coveted currency notes, the Swiss franc, includes a feature that runs at odds with its reputation as a safe store of value: It has an expiration date—and for some notes, that is fast approaching.
Josh ZumbrunFascinating story about how Swiss francs expire
As President Donald Trump mulls whether to keep Janet Yellen as chairwoman or pick a new candidate, officials around the world are watching the process, the result of which is likely to affect their economies.
The International Monetary Fund said some of the world’s largest financial institutions—including Deutsche Bank, Citigroup, Barclays and a few Japanese institutions—could struggle in coming years to remain sufficiently profitable.
The world economy’s acceleration so far this year has been stronger than earlier estimates, with an upswing under way across nearly all the world’s major economies, the International Monetary Fund said.
A synchronized global economic expansion is leading to a big shift in monetary policy around the world—toward central banks shrinking rather than growing—with implications for markets, inflation and the outlook for growth.