The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
photo Treasury Secretary Scott Bessent
the staff of the Ridgewood blog
Washington DC, Treasury Secretary Scott Bessent signaled Monday that it may be time for a sweeping review of the Federal Reserve—beyond the current controversy over costly renovations—to examine whether the central bank is truly fulfilling its mission.
the staff of the Ridgewood blog
Seoul South Korea, South Korea is making a bold move into digital finance. Under the leadership of newly elected President Lee Jae-myung, the Korean government has announced plans to legalize and promote stablecoin backed by the Korean won (KRW), signaling a major shift in the nation’s monetary and blockchain strategy.
the staff of the Ridgewood blog
Washington DC, the Federal Reserve announced yesterday that it will keep its benchmark interest rates unchanged, holding steady at a target range of 4.25% to 4.5% for the third consecutive meeting. The move comes amid mixed economic signals and ahead of critical U.S.-China trade talks set to begin later this week.
file photo
the staff of the Ridgewood blog
Chicago Il, Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.
Continue reading Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth
