Financial markets are a mess around the world. Fingers are pointing at the Fed
Customarily, the Fed and other central banks do as much as they can to keep markets calm. This time they're the reason behind the volatility.
central banks
Why Is The Fed Sending Billions Of Dollars All Over The World?
As COVID-19 causes a global meltdown, the world turns to the U.S. Federal Reserve.
Former Fed Chairman Paul Volcker Dies At 92
Volcker took the top job at the Federal Reserve in 1979, at a time when inflation was spiraling out of control. He is credited with taming it.
Turkey's Central Bank Defies Erdogan With Drastic Interest Rate Hike
These days it's rare for Turkish officials to contradict President Recep Tayyip Erdogan, who has vowed not to raise rates. But that's what happened Thursday, in an urgent bid to save a deflating lira.
Japan Is Selling Bonds Guaranteed To Lose You Money
With the global economy in turmoil, interest rates on some government debt are falling below zero.