Central banks face an excruciating trade-off

Central banks face an excruciating trade-off
Federal Reserve chair Jerome Powell. (Image: Getty)
The Economist
The job of central bankers is to keep banks stable and inflation low. Today they face an enormous battle on both fronts. The inflation monster is still untamed, and the financial system looks precarious.Stubbornly high inflation led the Federal Reserve to increase interest rates by a quarter of a percentage point on March 22, less than a week after the European Central Bank raised rates, too. The Fed acted days after three mid-sized American banks had collapsed and Credit Suisse, a grand old Swiss bank with more than 50...

More World

$10.5m for low-cost alternative to dying satellite
Technology

$10.5m for low-cost alternative to dying satellite

The Endeavour funding is to develop new ozone-monitoring tech using micro-satellites.

Will AI make lawyers richer or put them out of work?
Technology Opinion

Will AI make lawyers richer or put them out of work?

Lawyers could be with us for a while; it's just not clear how they'll get paid.

Bloomberg 07 Sep 2025
Amazon’s satellite internet venture signs up its first airline
Technology

Amazon’s satellite internet venture signs up its first airline

JetBlue plans to use Kuiper satellite internet on 25% of its fleet.

EU pushes ahead trade deal with South American nations
Bloomberg

EU pushes ahead trade deal with South American nations

Countries fear the deal’s impact on the European agricultural sector.

Bloomberg 06 Sep 2025