Hacker News with Generative AI: Central Banking

Attacks on the Fed threaten its independence − and sound economic stewardship (theconversation.com)
Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment and financial stability.

Economics, Central Banking, Politics

8 points by rntn 8 days ago | 0 comments

Elon Musk says he is thinking of auditing the Federal Reserve (theglobeandmail.com)
Billionaire Elon Musk said on Thursday he is thinking of auditing the U.S. Federal Reserve, after calling for greater scrutiny of the central bank in the past.

Elon Musk, Federal Reserve, Finance, Auditing, Central Banking

21 points by graeme 64 days ago | 10 comments

Fed Withdraws from Network of Central Banks for Greening the Financial System (federalreserve.gov)
The Federal Reserve Board on Friday announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).

Central Banking, Financial Regulation, Climate Change, Sustainability

6 points by impish9208 99 days ago | 0 comments

Fed cuts interest rates by a half point (nytimes.com)
The Federal Reserve cut interest rates on Wednesday for the first time since early 2020, the clearest signal yet that central bankers believe they are winning their years long battle against rapid inflation.

Economics, Finance, Central Banking

11 points by aaronbrethorst 220 days ago | 0 comments

Cyberattack rocks Central Bank of Iran, computer system paralyzed (jpost.com)

Cybersecurity, Iran, Central Banking

14 points by wslh 254 days ago | 0 comments

Chicago Fed President Goolsbee says if economy deteriorates, Fed will 'fix it' (cnbc.com)

Economy, Central Banking, Federal Reserve

22 points by donsupreme 264 days ago | 24 comments

European Central Bank cuts interest rates 0.25% to 3.75% (cnbc.com)

Economy, Finance, Central Banking, Interest Rates

35 points by toomuchtodo 324 days ago | 10 comments

Sweden's Riksbank urges action to prevent cash from becoming obsolete (nordictimes.com)