Our president and Congress, egged on by powerful crypto interests, are racing to a momentous decision. If current legislative ...

Representatives of Banque de France, the French central bank, have embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as the foundation of a new ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

When we picture the history of money, many imagine barter leading naturally to coins, then paper bills, then cards and ...

As the United States grapples with mounting fiscal pressures and an increasingly precarious debt trajectory, President Donald Trump’s systematic assault on Federal Reserve independence represents a ...

Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

The past week has seen the Trump Administration upending US support for two critical facets of the post-war international order: the rules-based arrangements for international trade and the Western ...

In “The Federal Reserve Has an $8 Trillion Secret” (Political Economics, Dec. 8), Joseph Sternberg provides a welcome suggestion that the Fed communicate its balance-sheet intentions. He notes that ...

The Federal Reserve might need to suspend the process of shrinking its balance sheet if liquidity drains too quickly from markets.