Ray Dalio Cautions That Central Bank Digital Currencies May Allow Governments Worldwide Complete Control
Concerns Over Central Bank Digital Currencies Billionaire hedge fund manager Ray Dalio expressed his worries during an episode of “The Tucker Carlson Show,” suggesting that the rise of central bank digital currencies (CBDCs) could pose significant privacy challenges for users. Federal Reserve Chairman Jerome Powell has stated that the central bank will not introduce a […]
A Battle Over Fed Confirmation Might Split Central Banking in Strange Ways
Can the split in the Fed survive? Many Americans envision the Federal Reserve as a single entity with one authority at the helm. When the Fed chair speaks, there’s usually a noticeable ripple effect in the markets, and interest rates react. It gives off the impression of a coherent structure—one leadership, one direction. However, the […]
Dollar strengthens ahead of upcoming central bank decisions
Dollar Holds Steady in Asian Trade Before Key Interest Rate Decisions The dollar remained stable at the start of Asian trading on Thursday, as markets awaited interest rate decisions from both the European Central Bank and the Bank of England. It’s expected that neither institution will change rates today. The US Dollar Index, which gauges […]
Central bank of Australia changes direction with interest rate hike
Australia’s central bank, notable for being one of the first major economies to tighten monetary policy in response to inflation, has increased interest rates for the first time since 2023. The Reserve Bank of Australia decided on Tuesday to raise rates by 25 basis points to 3.85%, reversing a cut made just six months prior. […]
New York City woman becomes famous for falling in Grand Central Terminal as onlookers urge her to ‘get up’
New Yorkers as Travelers A woman from Brooklyn has gained attention online after an incident at Grand Central Terminal. She fell down the stairs and was momentarily left behind by the busy commuters around her. One passerby suggested she “cheer up” as she sat on the ground. A clip, viewed millions of times on Instagram […]
Gold and Silver fall as Trump’s choice for Fed Chair, Warsh, is seen as a way to maintain central bank independence.
Price Slides for Gold and Silver as Fed Chair Nomination Shifts Market Sentiment On July 13, 2022, Robin Kolbenbach, CEO of Algol Heraeus, showed one kilogram of silver and gold bars at the company’s factory in Mendrisio, Switzerland. Fast forward to today, and it appears that gold and silver prices have taken a tumble once […]
Central Bank Keeps Interest Rates Unchanged as Joblessness Remains Stable
Federal Reserve Keeps Interest Rates Steady The Federal Reserve decided to maintain interest rates in a 10-2 vote on Wednesday, indicating a pause in monetary easing and highlighting signs of stability in the labor market. The Federal Open Market Committee set the benchmark federal funds rate between 3.5% and 3.75%, after previously implementing three consecutive […]
Central bank maintains interest rates as DOJ investigates Powell amid Trump pressure
The Federal Reserve decided on Wednesday to keep interest rates steady, maintaining the range between 3.5% and 3.75%. This outcome, which some had anticipated, comes amid mounting pressure from President Trump and ongoing scrutiny over Fed Chairman Jerome Powell, who is facing a criminal investigation. At this first meeting of the year, the Fed made […]
Chinese hackers infiltrated phones central to Downing Street, reports indicate
Reports have surfaced indicating that Chinese state-affiliated hackers infiltrated mobile phones in central Downing Street as part of an extensive cyber-espionage effort targeting global telecommunications. According to findings released in 2024, U.S. authorities uncovered that a group had breached telecom companies worldwide, prompting them to notify allies for the first time. This cyber campaign reportedly […]
Ancient Greek Coin Now Acts as the Emblem of Afghanistan’s Central Bank
Ancient Greek Coin Becomes Symbol for Afghanistan’s Central Bank When you think about Alexander the Great, it’s easy to picture his conquests stretching from present-day Afghanistan to Uzbekistan and Tajikistan. His military commanders even founded the Greek kingdom of Bactria, which lasted around 150 years. Fast forward to today, and while many cities he established […]