He Promised Gold-Backed Crypto, Calling It "My Big Coin" - Now He Owes $7.6 Million

I am going to spend most of the time today setting out the scale and significance of changes in financial market activity in recent years, and what this means for financial stability. My main message is that the significance of these changes has not been fully taken on board in many assessments of the challenges facing financial stability and the tools we need to assess the risks the changes have created. I will also put these issues into some broader context, around the role of central banks and of regulation. An important theme here is that of moving to a financial system in which the presence and impact of non-banks and market-based finance is much larger. In this context, I will set out the importance of two recent Bank of England innovations which are I think pioneering in the central banking world: these are our System Wide Exploratory Scenario, a new form of stress test tool, and the introduction of our new contingent liquidity facility for some non-banks. There is another important area of focus involving non-bank finance, namely the growth of private credit. That is not my focus today. post: BOE GOV. BAILEY: WE SHOULD APPROACH THE RESPONSE TO FINANCIAL VULNERABILITIES WITH AN OPEN MIND post: BOE GOV. BAILEY: WE ARE UNDERESTIMATING CHANGE IN FINANCIAL MARKETS post:

The Monthly Industrial Activity Indicator (IMAI) allows us to understand and monitor the evolution of industrial activity in Mexico. In December 2024, with seasonally adjusted ...

post: FED’S HAMMACK: LIKELY APPROPRIATE TO HOLD RATES STEADY FOR SOME TIME post: FED’S HAMMACK: RISKS TO INFLATION RIGHT NOW ARE SKEWED TO UPSIDE post: FED'S HAMMACK: THE ECONOMY IS IN A GOOD PLACE, AND THE JOB MARKET IS SOLID. post: FED’S HAMMACK: STILL NOT CLEAR INFLATION WILL KEEP MOVING DOWN TO 2% post: FED’S HAMMACK: IT'S BEST TO TAKE TIME TO ASSESS THE IMPACT OF ANY TARIFFS

post: TEXTS OF TRUMP'S EXECUTIVE ORDERS ON STEEL AND ALUMINUM TARIFFS INDICATE NEW RATES TO BE EFFECTIVE FROM MARCH 12