Federal Reserve Chairman Ben Bernanke has been holding a two-day policy meeting in Washington. It might be one of his last as Fed chairman. It's unclear whether the central bank will change its course following Bernanke's departure.
Since becoming US president, Donald Trump has not been shy to dispense with convention. Criticizing the Federal Reserve is one such area he has crossed into, particularly when it comes to the raising of interest rates.
After several decades in which the independence of central banks was seen as essential to economic stability, the notion is being questioned again. So are central banks free spirits? And do they truly need to be?
The head of the International Monetary Fund has thrown her weight behind the US central bank's recent rate hikes. Her support came after Donald Trump had called the Fed's policies "crazy" and harmful.
Wall Street is marking the longest ever period of bullish investor sentiment, reflected in the benchmark S&P 500. But the underlying definition of a bull-market run is arbitrary, experts say.
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