Central banking

Economist Austan Goolsbee named next Chicago Fed president

The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. Goolsbee will take the seat officially on Jan. 9, 2023 and finish a term begun by the retiring Charles Evans that expires Feb. 28, …

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Economist Austan Goolsbee named next Chicago Fed president

The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. Goolsbee will take the seat officially on Jan. 9, 2023 and finish a term begun by the retiring Charles Evans that expires Feb. 28, …

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10-year Treasury yield slides as traders weigh Fed policy outlook

Yields declined on Thursday as Treasury traders digested comments from US Federal Reserve Chair Jerome Powell on interest rate policy plans and looked ahead to key economic data. The yield on the benchmark 10-year Treasury fell to 3.603%, losing 10 basis points. The 2-year Treasury yield was last at 4.326% after declining by more than …

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European Central Bank says bitcoin is on the ‘road to irrelevance’

The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst …

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