central bank

Venezuelan Central Bank Admits Economy Is Crashing

Venezuela’s central bank published comprehensive economic data this week for the first time since 2015. The report published by the regime of dictator Nicolas Maduro was not as horrifying as projections from outside observers like the International Monetary Fund (IMF) but nevertheless admits to dizzying rates of inflation and a collapsing economy.

A woman holds new Bolivar-notes in downtown Caracas on August 21, 2018. - Caracas is issuing new banknotes after lopping five zeroes off the crippled bolivar, casting a pall of uncertainty over businesses and consumers across the country. (Photo by Federico PARRA / AFP) (Photo credit should read FEDERICO PARRA/AFP/Getty …

Maduro Removes Eight Tons of Gold from Venezuela’s Central Bank

Opposition legislator Angel Alvarado told Reuters on Wednesday the Maduro regime has removed at least eight tons of gold from Venezuela’s central bank for unknown reasons. At current prices, the gold is worth over $300 million. Alvarado’s account was backed up by three sources within the Venezuelan government.

Venezuelan President Nicolás Maduro hefts a bar of gold purportedly dug and processed in the Arco Minero, though experts have their doubts.

Fed Chief Jerome Powell Goes Populist

Federal Reserve chairman Jerome Powell wants to make America’s central bank easier to understand and more open to the public.

Fed favors gradual rate approach: US central bank chief

Hints of Central Bank Hawkishness Roil Markets

(AFP) – Treasury and currency markets were roiled Tuesday by signs that US and European central banks may be closer to monetary tightening measures than previously thought. Yields on US treasuries rose sharply following comments from two Federal Reserve regional

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China Blames U.S. Federal Reserve for Market Crisis

You might think, as many investors do, that a loss of confidence in Beijing caused the Chinese market rout, but Beijing thinks you’ll find the real culprits along the banks of the Potomac.

The Associated Press

Chinese Market Closes Down Despite Rate Cuts

The Chinese market crisis has been described as a loss of investor confidence prompted by Beijing’s search for innovative new ways to control China’s economy.

The Associated Press