KC Fed's Schmid Discusses Trade-offs in Pursuing Fed's Dual Mandate
Kansas City Federal Reserve's Schmid stated that policymakers face trade-offs when working to achieve the Federal Reserve's dual mandate of maximum employment and price stability.
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Kansas City Federal Reserve's Schmid stated that policymakers face trade-offs when working to achieve the Federal Reserve's dual mandate of maximum employment and price stability.

The Alliance for a Better Future has launched with an eight-figure budget to advocate for AI regulation, warning that child safety risks are outpacing current safeguards and urging policymakers to prioritize children and workers over Big Tech interests.
Policymakers are providing a steady signal for global capital, aiming to reassure investors amidst ongoing market volatility.

Dr. Nii Moi Thompson, Chairman of Ghana's National Development Planning Commission, has advocated for a strategic shift towards inclusive spatial planning as a key driver for balanced national development, urging policymakers to prioritize this approach for sustainable growth.

New legislative bills are being introduced to crack down on prediction-market betting by the president and members of Congress, aiming to prevent potential conflicts of interest.
An analysis suggests the current retirement system in the US receives a C-plus grade, presenting an opportunity for policymakers to implement improvements.

The Nigerian Federal Government has engaged global development partners, industry leaders, and policymakers to boost investment in an ongoing initiative aimed at providing skill acquisition to millions of Nigerian youths.
A Silicon Valley summit in Washington D.C. is reportedly being overshadowed by growing concerns over artificial intelligence and the ongoing war in Iran, influencing the agenda and discussions among tech leaders and policymakers.

Policymakers highlighted an increasingly uncertain outlook for the Russian economy and inflation in the wake of the Iran war.

Policymakers vote unanimously to hold rates at 3.75% after the Iran war prompts a reversal in the debate over borrowing costs.
Japan's Lower House has approved two reflationists as new policymakers for the Bank of Japan. The House of Councillors is expected to confirm these nominations shortly.

President Nikos Christodoulides stated that Cyprus has demonstrated the achievability of European strategic autonomy, addressing policymakers in Brussels during meetings on the Cyprus issue and regional challenges.

Rabat – Bank Al-Maghrib (BAM) has opted for continuity, keeping its benchmark interest rate unchanged at 2.25% following its first quarterly meeting of 2026, as policymakers weigh solid domestic momentum against an increasingly uncertain global environment. The decision places the interest rate at the center of Morocco’s monetary stance, signaling a preference for stability at […] The post Bank Al-Maghrib Keeps Interest Rate Steady at 2.25% Amid Global Uncertainty appeared first on Morocco Wo...

A recent survey in South Korea indicates that more than half of the population believes taxes on high-income earners should be increased, even as policymakers consider easing the tax burden on salaried workers.

Bank of Ghana Governor Dr. Johnson Asiama stated that rising geopolitical tensions could benefit Ghana's trade balance through higher global gold prices, while advising policymakers to remain cautious.

A Philippine tax expert discusses potential government strategies and consumer support mechanisms to mitigate the economic impact of surging petroleum prices, offering insights for taxpayers and policymakers.

Klaipėda University's Department of Public Administration and Political Science initiated a round table discussion to address changes and potential new initiatives in public service policy, inviting policymakers to participate.
Vijay Agarwal, president of CAHO, said that the conference is expected to bring together around 2,500 healthcare leaders, clinicians, administrators, and policymakers
ECB policymakers acknowledge war risk, promise to keep inflation in check Reuters

The 18th edition of the Africa Energy Indaba, held from 3–5 March 2026 at the Cape Town International Convention Centre (CTICC), concluded with resounding success, bringing together policymakers, ministers, investors, utilities and industry leaders from across the continent and around the world. Recognised as Africa’s premier energy event, the Africa Energy Indaba once again served as a strategic platform […]
The return of bond vigilantes, investors who punish governments by selling their bonds and driving up borrowing costs, is a growing concern for European policymakers. This phenomenon, previously seen during the eurozone debt crisis, is being fueled by rising inflation, increased government debt, and concerns about the economic outlook.

The head of the International Monetary Fund, Kristalina Georgieva, issued a stark warning to global policymakers, urging them to prepare for potential inflation surges due to the crisis in the Middle East and to consider even the most extreme scenarios.

An opinion piece argues for the necessity of reliable research data on land use carbon balances to help policymakers make realistic assessments of climate action effectiveness in Finland and across Europe.

Indonesia could face a sharp fiscal squeeze if the US-Israel war on Iran pushes oil prices higher, analysts warn, as this could inflate the country’s fuel subsidy bill at a time when global ratings agencies and investors are already scrutinising Jakarta’s monetary discipline. A prolonged war could force policymakers into a difficult choice: maintain fuel subsidies and risk breaching the legal deficit ceiling – potentially unsettling investors further – or cut funding to keep the budget within...

China's high-level policymakers are emphasizing the importance of rooting out corruption in academia as a vital step towards achieving the nation's science and technology ambitions, ahead of the annual 'two sessions' meetings.
Policymakers are introducing new laws that could make bicycles, a fundamental form of transportation and a common part of childhood, less accessible to the public.

Uganda's central bank announced it will begin its domestic gold purchasing programme this month, joining other global policymakers in increasing gold holdings following a surge in the metal's price.

Iceland's Prime Minister has drawn attention to a significant disparity in unemployment rates between Icelandic citizens and foreign nationals, describing the situation as unusual and challenging for policymakers.

Top Turkish economic policymakers convened on Sunday following attacks by Israel and the United States on Iran, assessing the potential impact of the conflict on financial markets,...
A new report highlights a growing debt concern that policymakers in Washington are reportedly overlooking.

Climate Week Karachi 2026 concluded on February 4, with experts and policymakers reiterating the urgent need for Pakistan to take concrete action on climate change, moving beyond mere discussions.
The Nikkei index closed at a record high, driven by proposals for new Bank of Japan policymakers.

The Hindu and VIT School of Law are set to host 'Justice Unplugged 2026', a conference aimed at connecting aspiring lawyers with legal professionals and policymakers. The event will focus on the impact of generative AI on legal practice, the evolution of fundamental rights in the digital age, and improving access to justice.

Families, schools and policymakers must prioritise youth mental wellbeing

Climate experts, policymakers, and researchers have renewed calls for Ghana and other African countries to take decisive action against climate change, as global temperatures edge closer to the 1.5°C threshold.
Minutes from the Federal Reserve's latest meeting indicate that there is minimal support among policymakers for immediate interest rate cuts.
Concerns are rising that critical data gaps, described as 'black holes,' are leaving policymakers unable to effectively anticipate and prevent future financial crises.

The 2026 Vanguard Economic Discourse will convene policymakers and agribusiness leaders in Nigeria to address the nation's food security imperatives and agricultural constraints.

Sterling Bank, alongside industry leaders, policymakers, financiers, and innovators, convened to strategize on improving Nigeria’s transport and logistics sector at an inaugural summit.

An analysis suggests that Europe needs to draw the right conclusions from its second energy crisis in four years, emphasizing the critical link between energy security and prosperity for both policymakers and the public.
The ongoing energy crisis is significantly dampening the global economic outlook, raising concerns among financial analysts and policymakers worldwide.

Policymakers are considering copying Austria's model for limiting gasoline price increases to potentially achieve cheaper fuel prices.
Central bank chief says policymakers need time to assess ‘nature, size and persistence’ of inflation surge from Iran war
An article discusses the vital role civic-minded pensioners play in society and highlights the need for policymakers to address the costs associated with retirees not owning property.
New Zealand is struggling to regain economic momentum without a housing recovery, with policymakers facing a quandary as the Middle East war adds a new layer of uncertainty to the country's economic outlook.
Policymakers at central banks globally are bracing for potential war-led inflation and the risk of 'stagflation,' aiming to control prices without hindering economic growth.

Decision comes as Middle East war complicates challenge for policymakers

Some economists had previously been expecting policymakers to deliver a cut, prior to the escalation of the war in Iran.

At GITEX Africa, conversations among founders, investors, and policymakers are increasingly focusing on the continent's burgeoning creator economy, alongside established sectors like fintech and AI.

He and Thomas J. Sargent shared the prize in 2011 for devising statistical tools to help guide economic policymakers.

The two-day National Seed System Reset Programme has commenced at the West Africa Centre for Crop Improvement (WACCI) Car Park, University of Ghana, Legon, bringing together policymakers, agricultural experts, seed producers, development partners and other key stakeholders to advance discussions on strengthening Ghana’s seed system as part of the country’s broader agricultural transformation agenda.

Norway is advocating against the 'enshittification' of the internet, urging policymakers and users to resist the deliberate deterioration of online platforms and devices.

Following Beijing's annual 'two sessions', Hong Kong policymakers are expected to align with the national programme, with suggestions for a mainland-style oversight system to improve Legco's delivery.

Policymakers, business leaders and academics gathered at the University of Cyprus on 2 March to examine the role of healthcare innovation in strengthening European competitiveness, with discussions…

By Cynthia Alo The Group Managing Director of Access Bank Plc, Mr.Roosevelt Ogbonna, has called on African policymakers, financiers and businesses to deepen collaboration in order to accelerate intra-African trade and unlock the continent’s economic potentials. Ogbonna made the call yesterday while welcoming participants to the Africa Trade Conference (ATC) 2026 in Cape Town, South Africa, […] The post Africa must deepen intra-continental trade to unlock prosperity — Access Bank GMD appeared ...

EU rules banning terms such as ‘bacon’ for veggie products are problematic, btw cow muscle = steak Last week, European policymakers decided that plant-based foods should no longer be marketed with terms such as “chicken”, “bacon” or “steak”. The fear seems to be that shoppers might accidentally buy veggie bacon thinking it came from an actual pig. The change applies to the UK too, because of our trade agreement with Europe. After considerable pushback from organisations including the one I wo...

Karen Petrou, a prominent fiscal policy analyst and critic whose insights on financial regulations and monetary policy guided major banks and Washington policymakers, has passed away at the age of 72.

Economist Cevat Giray Aksoy suggests that remote work could be a valuable tool for policymakers to address declining birth rates by reducing the career costs associated with motherhood.

Rabat – Africa’s largest tech and startup event, GITEX Africa 2026, is preparing to bring together thousands of innovators, investors, policymakers, and entrepreneurs for what is expected to be one…

Nigerian creatives, policymakers, and advocates form a coalition to boost early childhood development through culturally relevant entertainment and art. Read More:…

Rabat – Morocco will host the first edition of GITEX Future Health Africa from May 4 to May 6, 2026, in Casablanca, bringing together policymakers, healthcare professionals, technology firms, and…

Health is not charity. It is capital. That was the resolve from policymakers, financiers and health leaders at the first panel discussion of the Roche Africa Press Day in Kenya, held to commemorate…

Industry leaders, policymakers, and investors will gather at the 20th Real Estate, Property Development, Construction Conference and Exhibition in Nicosia to discuss Limassol's evolving real estate landscape and housing affordability.

High-level policymakers in China are emphasizing the need to address financial risks and political corruption in the lead-up to the annual 'two sessions' meetings.

The Nigerian Optometric Students Association (NOSA) has launched a three-day advocacy campaign in Abuja, urging policymakers and professionals to implement nationwide school vision screening. The initiative culminated in a landmark visual screening event.

The forum, scheduled for Thursday, June 11, 2026, at the Welcome Centre Hotels, Ikeja, Lagos, will bring together policymakers, tech innovators, and civil society under the theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.” The post ITREALMS Media announces 2026 Nigeria DigitalSENSE Forum appeared first on Premium Times Nigeria.

A major European conference on sustainable tourism is taking place in Nicosia, bringing together policymakers, industry leaders, and environmental experts to discuss the future of sustainable travel.

A three-day Chintan Shivir exhibition and conference will be held to discuss urban plans for temple towns, bringing together urban practitioners, policymakers, and private sector participants to deliberate on mobility, housing, digital governance, and municipal finance.

A live broadcast featured a discussion and survey presentation on the development of green energy in Latvia, with participation from policymakers, industry experts, and entrepreneurs.

The Ghanaian government is urging policymakers, financial institutions, academia, and private operators to collaborate and address the country's deep-rooted transport system challenges.

A new economic 'trilemma' is emerging for central banks, suggesting that policymakers cannot simultaneously achieve three desirable outcomes, posing challenges for future monetary policy.

Overseas researchers, policymakers, and businesses are finding it increasingly difficult to access China's public information, as a 'reverse Great Firewall' appears to be quietly blocking global access to official data.

US Senator Rubio has expressed support for Hungarian Prime Minister Viktor Orban ahead of an upcoming vote, a stance that has been met with varied reactions from European policymakers.
Inflation slightly below expectations unlikely to persuade policymakers that further easing is necessary soon

The Mövenpick Ambassador Hotel in Accra hosted the Mövenpick Accra Business Forum, bringing together policymakers, business leaders, investors, and development partners to discuss Ghana's economic future.
A summary of the Bank of Japan's recent meeting indicates a hawkish shift among policymakers, with discussions focusing on the appropriate size of future interest rate hikes.
The UK economy is beginning to show the initial impacts of the Iran war, presenting a significant challenge for policymakers.

The Middle East conflict continues to impact the global economy, leading to potential stagflation, rising mortgage rates in the US, and lower Wall Street trading. South Korea has implemented a 12-step plan to reduce energy consumption due to surging oil prices, while Europe faces a potential gas price explosion if LNG imports from Qatar remain halted, and global fuel prices are causing concern in places like Manila.

Experts and policymakers have convened an interstate meet to address the shrinking area under cotton cultivation and call for urgent action to revive its viability.

Minutes from the Bank of Japan's January meeting reveal that many policymakers believe further interest rate hikes are necessary, with some advocating for timely action to address rising inflationary pressures and the impact of a weak yen.

A new report indicates that the United States is projected to face a critical shortage of China expertise within the next decade, potentially hindering policymakers' ability to manage the crucial strategic relationship with Beijing.

A development economist, Fred Dzanku, has cautioned that Ghana’s economy, while showing signs of stabilisation, cannot yet be described as resilient, urging policymakers and the public to avoid…

New project, Hear Me Now, will gather testimony of former pupils and staff of multiple schools in Dublin and Tipperary

Concerns about inflation are resurfacing, with rising fuel prices potentially signaling broader economic challenges. Economists warn that inflation may remain high despite government measures, urging calm from policymakers and faster adoption of renewable energy.

The energy shock from the Iran war has policymakers around the globe rethinking ways to reduce long-term dependence on oil and gas imports, with proposals to expand nuclear energy and renewables,…

Arriving in Brussels ahead of a review of Europe’s streaming regulations, Netflix co-CEO Ted Sarandos delivered a pointed message to EU policymakers, warning them in that they are overlooking one of…
A new analysis suggests that central bank monetary policymakers should adopt a more hawkish stance, recognizing their active role in the ongoing energy shock rather than acting as mere observers.

The summit, which brings together African energy policymakers, regulators, investors and development partners, will focus on strengthening the United States–Africa energy partnership and expanding investment in the continent’s power sector. The post Nigerian ministers, Lagos electricity regulators to speak at African energy summit in US appeared first on Premium Times Nigeria.
Surging oil and gas prices triggered by the war in the Middle East have renewed calls from policymakers and energy experts to accelerate the transition to renewable energy in Ireland.

Canadian Prime Minister Mark Carney and Norway's Jonas Gahr Støre emphasized energy stability during talks in Oslo as the Middle East war impacts global oil markets. Canada announced it will release 23.6 million barrels following an International Energy Agency call for coordinated action, adding to the pressure on energy markets as the conflict triggers emergency oil measures and policymakers warn of an Iran oil shock.
ADL's flagship summit in New York, scheduled for March 16-17, will gather policymakers, activists, and innovators to address the rising tide of antisemitism and develop future strategies.
Some policymakers are proposing to increase the home sale capital gains exclusion to $1 million, a move that could significantly impact homeowners.
The Delhi government has been holding detailed consultations with experts, environmentalists, policymakers, and various departments to explore how the concept of a green budget can be implemented effectively on the ground

The hosting agreement was formally signed in Lagos on Monday, drawing prominent African leaders, policymakers and business executives who described the event as a critical platform for deepening economic integration and unlocking the continent’s vast trade potential. The post Obasanjo, Sanwo-Olu, others seek stronger African trade ties appeared first on Vanguard News.

Iran war expected to derail rate-cut plans as policymakers learn lessons from inflation caused by Ukraine invasion
Investors and policymakers must rethink capital allocation, viewing diversity not as charity...

Take part in a live Q&A with economics leader writer Tej Parikh and European economics commentator Martin Sandbu on Thursday March 12 at 2.30pm GMT

Three European Central Bank policymakers warned on Thursday that euro zone inflation would likely rise, and growth sag, if the war in Iran were to become drawn out and suck in more countries.

The President of the Ghana Institution of Engineering (GhIE) has urged engineers, policymakers, and industry leaders to embrace innovation and digital transformation as Ghana prepares to mark World Engineering Day 2026.

Chinese policymakers and the public show high levels of optimism regarding AI's future, a stark contrast to the prevalent worries in the West about the technology's impact on employment and humanity.

Global healthcare company Roche is assembling leading journalists, policymakers, development financiers and health experts in Nairobi for the 2026 Africa Press Day, placing the economic value of investing in health at the centre of continental development conversations. The high-level forum starts tomorrow, Wednesday, March 3 at the Radisons Blue Hotel, with Jacqueline Wambua, General Manager […]

China's annual 'two sessions' political meetings are underway, with policymakers emphasizing financial risk defusion and anti-corruption efforts, while analysts watch for potential adjustments to the country's 2026 growth target.
An article from the Wall Street Journal highlights a new and concerning 'debt siren' that policymakers in Washington are reportedly ignoring.

As Africa grapples with an estimated US$250 billion annual climate financing gap, policymakers and investors are being urged to move beyond environmental, social and governance (ESG) reporting and focus on mobilising real capital into bankable, climate-resilient projects.
The Nikkei index closed at a record high, driven by news of proposed new policymakers for the Bank of Japan (BOJ).
Marrakech is preparing to host GITEX AFRICA Morocco, a major event bringing together policymakers, industry leaders, startups, and tech experts to discuss Africa’s AI and technological innovation from April 7-9.

European policymakers and cruise industry leaders are scheduled to convene in Madeira from February 23-26, 2026, for the Cruise Lines International Association (CLIA) European Conference.
A new survey emphasizes the inherent unpredictability and constant change within the global trade landscape, suggesting challenges for businesses and policymakers.

Panics, Politics, & Power: America's 3 Experiments With Central Banks Authored by Andrew Moran via The Epoch Times, The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking. For much of its existence, the institution maintained a low public profile. Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media. Greater transparency, however, has brought greater scrutiny. Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent. If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair. Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed. “You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,” Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson. “It’s a version of what worries me today.” What happened in the past, and why is it relevant to today’s central bank? The First Bank of the United States In the aftermath of the American Revolution, the United States faced a series of immense economic disruptions, forcing the nation’s architects to rebuild the economy. The objective was to lower inflation, restore the value of the nation’s currency, repay war debt, and revive the economy. Alexander Hamilton, the first secretary of the Treasury under the new Constitution, proposed establishing a national bank modeled on the Bank of England. Hamilton stated that a U.S. version would perform various duties, including issuing paper money, serving as the government’s fiscal agent, and protecting public funds. Not everyone shared Hamilton’s ebullience over a central bank. Thomas Jefferson, for example, feared that such an institution would not serve the nation’s best interests. Additionally, Jefferson and other critics argued that the Constitution did not grant the government the authority to create these entities. Nevertheless, Congress enacted legislation to establish the Bank of the United States. President George Washington then signed the bill in February 1791. Two of America's founding fathers: Thomas Jefferson (L) and Alexander Hamilton. The White House While bank officials did not conduct monetary policy as modern central banks do, they did influence the supply of money and credit, as well as interest rates. The entity managed the money supply by controlling when to redeem or retain state‑bank notes. If it sought to tighten credit, it would require payment in gold or silver, thereby draining state banks’ reserves and limiting their ability to issue new notes. If it wanted to expand credit, it simply held on to those notes, boosting state‑bank reserves and enabling them to lend more. By 1811, the national bank’s charter expired. While there had been discussions of allowing it to continue maintaining operations, Congress—both chambers—voted against renewing its mandate by a single vote. Its closure came shortly before the War of 1812, which fueled inflation and weakened the currency. Second Bank of the United States Lawmakers believed another central bank was critical at a time of fiscal, inflationary, and trade pressures. Congress used a similar 20-year model to produce the Second Bank of the United States, headed by Nicholas Biddle. The second incarnation had a federal charter, was privately owned, and was tasked with regulating state banks (with gold and silver for note redemption). President James Madison, who opposed the first central bank on constitutional grounds, supported the new institution out of financial necessity. Its creation stabilized credit and brought down inflation. However, by the 1830s, the bank faced strong opposition, particularly from President Andrew Jackson. Labeled the Bank War, Jackson engaged in a years-long initiative to dissolve the central bank. Jackson claimed the national bank was a tool for the wealthy eastern elite and a threat to self-government. “The Jacksonians described themselves as conscious hard-money men who supported the rigid discipline of the gold standard, yet they opposed the newly powerful national Bank because it restrained the expansion of credit and, thus, thwarted robust economic expansion,” author William Greider wrote in “Secrets of the Temple.” In 1832, Jackson vetoed legislation to recharter the bank four years early, delivering a fiery message that historians say was one of the most important vetoes in the nation’s history. “It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government,” Jackson wrote. “There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles.” The charter expired in 1836, leading to the panic of 1837. An economic crisis unfolded, leading to bank failures, business bankruptcies, rising unemployment, and contracting credit. While the collapse of the central bank is often considered a leading cause, the British also urged London banks to reduce credit to American merchants, causing a sharp drop in global trade. As the smoke cleared and dust settled, it was not until the 1840s that the United States embarked on a historic economic recovery, now known as the Free Banking Era. Banking was decentralized, and finance was largely unregulated. Despite an erratic financial system, the U.S. economy grew rapidly: agricultural production accelerated, railroads were built, and the country expanded westward. Additionally, deflation was paramount throughout most of the economic expansion. The Federal Reserve System The panic of 1907 led to the creation of the Federal Reserve System. Following years of heavy borrowing, speculative commodities investments (mainly copper), and enormous stock market gains, a financial crisis was brewing. The event nearly brought down the U.S. banking system. J.P. Morgan, a financier, intervened and emulated the actions of modern central banks. He met with the nation’s top bankers, facilitated emergency loans to financial institutions, and backed stockbrokers. The damage had been done as the United States fell into a year-long recession, marked by high unemployment and widespread bank failures. The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times Washington realized that it could not rely on private bailouts to prevent sharp downturns. Sen. Nelson Aldrich (R-R.I.) is widely regarded as one of the chief architects of the modern Federal Reserve System. In 1910, Aldrich hosted the famous Jekyll Island meetings, a gathering of U.S. officials and bankers, to discuss the blueprint of a new central bank. While the initial draft laid the foundation for the institution, the official Federal Reserve Act was drafted by President Woodrow Wilson, Rep. Carter Glass (D-Va.), and H. Parker Willis, an economist on the House Banking Committee. The new system was a public-private hybrid, with the federal government firmly in charge, and bankers running the regional reserve banks. “It was Wilson’s great compromise,” wrote Greider, “creating a hybrid institution that mixed private and public control, an approach without precedent at the time.” The legislation triggered a contentious political debate over the extent of its independence from the Treasury and the degree of authority delegated to policymakers over currency issuance. Days before Christmas, the bill cleared both chambers and was signed into law by Wilson on Dec. 23. “Wilson’s conviction that he had struck the right moderate balance seemed confirmed, however, by the reactions to his legislation,” Greider noted. “It was attacked by both extremes—the ‘radicals’ from the Populist states and the bankers in Wall Street and elsewhere.” Since its inception in 1913, the modern Federal Reserve has undergone numerous changes and has gained greater power. The New Deal, for instance, allowed the Fed to become the lender of last resort as Washington learned the central bank could not prevent bank failures. In 1951, the Treasury-Fed Accord restored central bank independence after the Federal Reserve had been forced to keep interest rates artificially low throughout the Second World War. Congress then enacted the Federal Reserve Reform Act in 1977, establishing the dual mandate of promoting maximum employment and maintaining price stability. 2026 and Beyond Over the past 50 years, the Fed has undergone modest changes, including the issuance of forward guidance and the disclosure of emergency lending facilities. But while each new regime has nibbled around the edges, Warsh has suggested he could effect substantial reforms at the central bank. “Until there’s regime change at the Fed and new people running the Fed, a new operating framework, they’re stuck with their old mistakes,” Warsh told Fox Business Network in October 2025. “Bygones aren’t just bygones.” Tyler Durden Wed, 02/18/2026 - 16:20

Policymakers, academics, and civil society representatives gathered in Istanbul for the First International Conference on Strengthening the Family, focusing on global family policies.