Central banks throw weight behind Fed after Trump assault Economics Some of the world’s most prominent central banks have issued a full-throated support of the Federal Reserve and its chair Jay Powell, after Donald Trump’s campaign against its independence escalated with a Department of Justice legal action. In an unusual joint intervention, 11 central banking chiefs declared they stood in “full solidarity” with the Fed’s [...]
What happens when Reddit runs the global financial system? Opinion 40 per cent of AI answers are derived from Reddit – that could mean crypto Reddit bros potentially influencing how our most trusted financial institutions, says Lewis Liu I had the honor of spending most of last week at the BIS Innovation Summit in Basel, debating AI policy for the global financial system with central [...]