Isabel Schnabel: Central banks on-chain
It is a great pleasure to discuss Darrell Duffie’s paper “Tokenized finance and the perimeter of central banking” at this year’s Jackson Hole Economic Policy Symposium.[1]
Crime & Courts
Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persists
The US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed’s job to deliver stable prices”.
Bessent defends yen support, cites US borrowing cost risks
After multiple warnings against the "speculative" and "one-sided" currency moves, Japan's Ministry of Finance appears to have put its money where its mouth is and intervened in the yen during the country's Golden Week h…
Warsh at Jackson Hole: underlying inflation trend has not ’meaningfully improved’
The new Fed chair’s Jackson Hole speech appeared focused on strengthening his anti-inflation credentials, economists say.
UK petrol prices hit highest level in almost four years as bank holiday getaway looms
UK petrol prices have hit their highest level since 2022, piling more financial pressure on motorists before the bank holiday weekend.
Fed has 'work to do' if price rises don't ease for Americans, Warsh says
The head of the US central bank said policymakers will "have work to do" to if they are not confident cost of living pressures are easing for Americans.
Healey’s budget to duck setting a date for 3% defence spending target
Roadmap for increasing department’s share of GDP will be deferred until next year’s review
Jumping beans: UK shoppers turn to legumes to save cash and improve diet
Sales of beans, lentils and soya bean derivatives on rise while Britons buy less real and fake meat
The chefs turning down the heat by switching from gas to electric
As well as being quieter, cheaper to run and easier to clean, induction cookers can cut kitchen temperatures by up to 10C
How Britain’s railways are struggling in the heat – and can they be fixed?
Problems including derailments have hit network during one of the hottest and driest summers on record
How the Iran war unfolded: every attack and oil price change – visualised
From the first US and Israeli strikes six months ago to the battle for Hormuz, this timeline plots how Trump’s war on Iran quickly became a regional conflict with global economic consequences
What could Meta’s US settlement mean around the world – and what now for other claims against firm?
Other governments could seek similar concessions, while separate legal action is pending in places ranging from Kenya to the Netherlands
Pentagon’s blacklisting of Anthropic was unlawful, US judge rules
Anthropic argued designation as ‘supply chain risk’ could cost the company billions of dollars in lost business and reputational harm
Ex-Barclays boss denies having sex with a woman dressed as Snow White
The former Barclays boss Jes Staley has denied having sex with a woman dressed as Snow White, after being questioned about an infamous email exchange about Disney princesses with Jeffrey Epstein.
Burnham announces crackdown on rogue bailiffs and ‘cowboy builders’
New rules are aimed at protecting people in debt in England and Wales and stopping homeowners being ripped off
SEC: 38 Entities Feigned Legitimacy as U.S. Advisers Through False Filings to Lure Retail Investors
Washington, D.C.--(Newsfile Corp. - August 27, 2026) - The Securities and Exchange Commission today charged 38 entities alleging that they made material misrepresentations in Forms ADV filed with the Commission between …
Fed’s Collins sees mixed inflation data, remains open to rate hikes
Boston Fed chief Susan Collins characterized the latest U.S. inflation figures as a mixed bag during an interview on Thursday at the central bank's annual Jackson Hole gathering in Wyoming. While the headline number exc…
Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico
The Federal Reserve Board on Thursday announced the execution of the following enforcement actions listed below:
AI-proof? Younger workers desert the digital world for traditional crafts
It’s a bleak moment for young people entering the workforce for the first time . For decades, a university degree seemed to promise a stable career – but entry-level white-collar jobs across almost all sectors are being…
Bots and bargains: Zara owner launches cut-price Lefties in UK to rival Primark
The owner of Zara is taking on Primark, Shein and the supermarkets with the launch of its cut-price chain Lefties in Britain, backed by an army of robots.
Youth unemployment in UK falls below 1 million
The number of young people not in education, employment or training (Neet) across the UK fell below 1 million in the latest three-month period.
Meeting of 22-23 July 2026
Ms Schnabel started her presentation with the observation that since the Governing Council’s monetary policy meeting on 10-11 June 2026 financial markets had continued to be driven by the evolving conflict in the Middle…
Young investors trust AI more than TV or celebrities
Four in 5 less experienced investors have used AI for help with investing – and around two-thirds report doing so occasionally or regularly.
CEOs earn 614 times more than workers at US’s 100 lowest-paying corporations
The average CEO of the US’s 100 largest, lowest-paying corporations earned 614 times more than their average worker last year, according to an analysis by the Institute for Policy Studies (IPS).