The U.K.'s banking system is prepared to handle a much worse outcome from Brexit than is likely to happen, Bank of England Governor Mark Carney says. » Read More
By: Jeff Cox
Mark Carney is the governor of the Bank of England, the UK's equivalent of the Federal Reserve in the U.S. He is speaking at the Economic Club of New York. » Read More
By: David Reid
A single move lower would take Italy's credit status to one notch above a "junk" rating. » Read More
By: Thomas Franck
U.S. government debt yields were set for week-to-date gains Friday morning following comments from the Federal Reserve earlier in the week and persistent strength in employment data. » Read More
Raymond Lee of Kapstream Capital says it "makes sense" for Chinese regulators to come in and stabilize the stock market in a way that is beneficial for the economy as a whole.
Top Chinese financial regulators spoke in support of markets on Friday ahead of the morning's disappointing gross domestic product report and amid an ongoing stock sell-off.
Mark Todd of National Australia Bank says President Donald Trump has "ramifications" on the U.S. economy through his behavior.
An unemployment rate so low that companies struggle to find and hire workers is "fantastic for our great country," says CNBC's Jim Cramer.
Former Fed vice chairman Stanley Fischer said Thursday that the central bank might be tempted to raise rates even more aggressively to show that it can't be influenced by the White House.
The Fed has signaled it could raise rates 3.5 percent by 2020.
Greenspan suggests the nearly 50-year low unemployment rate coupled with American corporations clamoring for workers will force up wages and inflation.
"You'll find every president has an insight into how the markets work," says the former Fed chairman whose tenure spanned four administrations.
Short-term Treasury rates climbed to multiyear highs on Thursday after the Federal Reserve's latest meeting minutes showed members confident in the current path of interest rate hikes and wary of frothiness in financial markets.
Ronald Man of Bank of America Merrill Lynch says the uncertain global environment could have caused the Bank of Korea to hold back on hiking interest rates.
Kwon Young Sun of Nomura explains why he now sees a "very clear signal" that the Bank of Korea will have an interest rate hike in November.
Trump likes to say "quite amazing things," but if he starts to do things that hurt the Fed, that could be bad, says Frederic Mishkin, former Federal Reserve governor.
The Federal Reserve has been telegraphing to the market that it intends to keep raising rates both to stave off high inflation and to prevent financial markets from getting unhinged. The market seems to stop reading after the "inflation" part.
"I don't have any problem with the President speaking on monetary policy. I think there has been too much of this hidden rule that the President is not supposed to speak on monetary policy," said Paul McCulley, former Pimco chief economist.
Officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday, despite what the president thinks.
U.S. government debt yields ticked higher after the release of the Federal Reserve's latest meeting minutes, which showed officials believe the central bank should continue to increase interest rates to ensure a stable economy.