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Richard Nixon pressured his Federal Reserve chair to cut interest rates. It led to a recession and high inflation.

‘A moment of sheer nihilism’: Trump is running into a problem many political populists face

The legal battle launched by the US president against the head of America’s central bank threatens a repeat of the darkest days of Richard Nixon.

  • Shane Wright

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RBA governor Michele Bullock has signalled her support for Fed chair Jerome Powell

Bullock joins top central bankers in expressing ‘full solidarity’ with Powell in clash with Trump

The US president has dramatically escalated his confrontation with the Federal Reserve with the Justice Department threatening criminal charges.

  • David McHugh
US President Donald Trump on Air Force One on Friday. He says he has no plans to speak with Elon Musk and isn’t thinking about the Tesla boss.

Has Trump created an opportunity for the euro to displace the US dollar?

Donald Trump’s trade wars may have opened a window of opportunity for the European Union to realise a long-held ambition: establishing the euro as the world’s reserve currency.

  • Stephen Bartholomeusz
Dollar Bill ponders whether a turning point for small caps has arrived.

Is the tide about to turn for small caps?

The world’s central banks have kickstarted what looks to be an aggressive series of rate cuts and for smalls caps, this just might be the turning point.

  • Bill McConnell
UniCredit chief Andrea Orcel (pictured) had a virtual meeting with Commerzbank’s new chief executive, Bettina Orlopp, last week

Italian job: The sharemarket raid that has sent shockwaves through Europe

An “unfriendly attack” on a German bank is testing the mettle of a very fragile Europe.

  • Stephen Bartholomeusz
A debate watch party at the Nite Owl Drive-In theater in Miami, Florida.

How the Trump-Biden debate increased the chance of a rate rise in Australia

A rise in Australian bond yields this week shows how a showdown between two elderly and less-than-impressive politicians could send ripples of unease throughout the global system.

  • Stephen Bartholomeusz
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While the election doesn’t threaten Macron’s position as president, it could deliver a completely ungovernable state.

Macron’s snap election could trigger the next debt crisis

This weekend’s elections have the potential to blow out France’s debt and threaten the stability of the eurozone and its single currency.

  • Stephen Bartholomeusz
Will Australia soon join a quarter of global central banks that have cut their cash rate?

Canada, Europe cut rates. Can Australia follow with monetary policy easing?

The path between taming inflation and avoiding a recession is narrow and getting narrower. 

  • Sumeyya Ilanbey
The market pared back some of its early losses after the Australian Bureau of Statistics reported that thousands of workers left the job market in December.

ASX declines after Wall Street retreats on fading rate-cut hopes

The Australian sharemarket finished lower following a rocky session on Wall Street, even though it pared back some early losses after a weak December jobs report.

  • Millie Muroi
Superman logo.

How central banks saved the world. And will again

Reviled not long ago for letting prices surge, US Federal Reserve Chair Jerome Powell and his peers have been anointed by traders as saviours of the world.

  • Daniel Moss