In a recent interview, President-elect Donald Trump unequivocally stated that he intends to keep Jerome Powell as the Federal Reserve Chair, dispelling rumors about possible replacements. During an interview on NBC’s “Meet the Press,” Trump’s response to whether he would proceed with a premature removal of Powell was clear: “I don’t,” indicating a commitment to
Economy
In a decisive gathering on Monday, shareholders of French media giant Vivendi sanctioned a controversial plan to dismantle the company, a move that has been strategically supported by the Bollore family, which holds substantial control over the enterprise. Despite facing skepticism from the market and comprising substantial opposition from minority shareholders, the proposed breakup received
As we approach December 12, 2023, anticipation surrounds the Swiss National Bank (SNB) and its impending decision regarding the key policy interest rate. A significant majority of economists are forecasting a 25 basis point reduction, thereby adjusting the rate to 0.75%. This decision, rooted in a complex interplay of domestic economic indicators and broader European
The recent pre-election discussions led by President-elect Donald Trump have increased speculation around the implementation of trade tariffs as a fundamental component of U.S. trade policy. This approach stirs debates among economists and analysts about the broader economic implications, particularly in the Eurozone, an area already grappling with sluggish economic performance. While initial reactions suggest
The discourse surrounding immigration policies in the United States, particularly in the context of Donald Trump’s administration, often revolves around the assumption that such measures will subsequently lead to a tighter labor market and subsequent inflationary pressures. However, recent insights from BCA Research challenge this prevailing notion, suggesting that the dynamics of labor supply and
As Donald Trump prepares for his return to the White House following the recent elections, one of the critical questions surrounding his presidency is whether he will attempt to reshuffle the leadership at the Federal Reserve. In a recent interview on NBC’s “Meet the Press,” Trump made a clear statement, indicating he would not seek
As fresh waves of political uncertainty ripple through the Eurozone, the Swiss Franc (CHF) is experiencing a notable strengthening against the euro. Investors are increasingly seeking the security that this safe-haven currency offers, particularly in light of instability stemming from political actions in France. However, the implications of a stronger CHF are not straightforward for
As Europe nears the pivotal year of 2025, the landscape of its economy and energy sector is on the cusp of transformation. Jefferies, the global investment banking firm, has identified several critical elements that warrant close attention, shaping the region’s capabilities in an increasingly complex global environment. From fiscal policies to energy initiatives, these several
Recently, a significant legal confrontation has unfolded in Texas concerning a regulation proposed by the Consumer Financial Protection Bureau (CFPB). This regulation aimed to limit credit card late fees to $8, a move that has drawn considerable ire from banking institutions and various business groups. U.S. District Judge Mark Pittman rendered a decisive judgement, maintaining
On a noteworthy note, Fitch Ratings, the internationally recognized credit ratings agency, has recently elevated Hungary’s economic outlook from “negative” to a more optimistic “stable.” This revision springs from a concerted effort to correct macroeconomic disbalances in the country, primarily facilitated by an enhanced alignment between fiscal and monetary policies. Such coherence is vital for
As President Emmanuel Macron navigates the complexities of the French parliamentary system, he finds himself confronted with a crisis that threatens the integrity of his administration. Recently, political tensions escalated, culminating in the ousting of Prime Minister Michel Barnier. This upheaval was largely instigated by clashes between far-right and hard-left factions, culminating in a no-confidence
The financial markets have recently witnessed a notable shift in the risk premium associated with French government debt. Following a tumultuous week that culminated in the downfall of Prime Minister Michel Barnier’s administration, the premium that investors demand to hold French bonds rather than the more stable German Bunds saw a significant decrease. This premium