Fed in the Hot Seat For being such crushingly dull affairs, Federal Reserve policy meetings sure inspire a lot of feelings. And this week’s confab will be more emotionally charged than ever. Markets have whipped themselves into a frenzy of rate-cut expectations, writes John Authers. But they’re still not settled on just how much and how often the […]
Since the World Bank was created after World War II, its president has always been selected by the United States and backed by European powers, which enjoy a similar monopoly over the directorship of the International Monetary Fund. But with US President Donald Trump having nominated an unsuitable candidate, that may be about to change.