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Bank of England Chief Urges IMF Action on Global Imbalances
By William Schomberg LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the International Monetary Fund had a key role to play in tackling the buildup of risky imbalances in the world economy, many of them coming from the United States and China. In a speech he was due to give to Britains finance elite, Bailey acknowledged the concerns of U.S. President Donald Trumps administration about the danger of IMF overreach. But the BoE boss said attempts to fix the problems in the world economy - chief among them the big U.S. trade and current account deficits alongside...
Trump Considers Treasury Secretary Bessent to Replace Fed Chair Powell in 2026
By Andrea Shalal and Jasper Ward WASHINGTON (Reuters) -President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve Chairman Jerome Powell, but suggested that might not happen. After landing at Joint Base Andrews following a trip to Pittsburgh, Trump was asked if Bessent was his top choice to replace Powell, whose term ends in May 2026. "Hes an option, and hes very good. Well, hes not, because I like the job hes doing, right?" Trump told reporters. Trump has railed against Powell for months for not lowering U.S. interest rates and...
US President Donald Trump Confirms Shipment of Weapons to Ukraine Amid Russia Crisis
News Published July 16, 2025 7:57am US President Donald Trump speaks with the media upon his arrival from Pennsylvania, as US Secretary of Commerce Howard Lutnick looks on, at Joint Base Andrews, Maryland, US, July 15, 2025. REUTERS/Nathan Howard Want to see the E25 local results for Russia, Europe ? Click location. US President Donald Trump said on Tuesday that weapons are already being shipped to Ukraine. Trump, speaking to reporters, added he has not spoken to Russian President Vladimir Putin since sanctions against Russia were announced on Monday. Reuters
