Daily Archives: April 29, 2010

By Jonathan Wheatley in São Paulo

Brazil’s central bank raised its core interest rate by three-quarters of a percentage point on Wednesday evening, confirming market expectations that it would act aggressively to deal with rising inflation and the threat of an overheating economyRead more >>

James Politi

Barack Obama, US president, is set to nominate Janet Yellen, president of the San Francisco Fed, to replace Don Kohn, the outgoing vice-chairman. Mr Obama is also expected to fill two additional vacancies on the seven-member Fed board of governors with Sarah Raskin, a state banking regulator in Maryland, and Peter Diamond, an economist at the Massachusetts Institute of Technology.

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