On November 26th, local time on the 25th, Canadian provincial governors asked Prime Minister Trudeau to hold an emergency meeting to discuss Canada-US relations before US President-elect Trump takes office. Ontario Premier Ford, chairperson of the Federal Council of Canada (the Association of Governors), sent a letter to Trudeau on the 25th saying that provincial governors want to be part of the Canadian team and participate in various matters such as trade, border security, energy, defense and ...
Mr. Waller, the Fed governor, said he still saw no need for a US digital currency and that it was too early to assess the impact of new technologies on frictions in the payment system, but that the private sector was well placed to explore these developments. The Fed's role, which includes supporting innovation while managing risks to financial stability, aims to promote the efficiency and security of payment systems that benefit households, businesses and the economy as a whole.
Bank of Japan Governor Kazuo Ueda will address the IMF-sponsored "Governors' Meeting" in ten minutes.
Federal Reserve Governor Paul Waller said on Friday that the "time has come" to start a series of interest rate cuts this month, adding that he was open to the size and speed of the cuts. "If the data support a series of rate cuts, then I think a series of rate cuts is appropriate. If the data shows that a larger rate cut is needed, then I will also support it." Federal Reserve Chairperson Jerome Powell said at the annual meeting of global central banks two weeks ago that given the rise in infla...
U.S. President Joe Biden plans to hold talks with Democratic state governors. Wednesday's meeting is expected to be held online, with many governors joining by video call, according to people familiar with the matter. Biden's performance in the debate nearly a week ago shook his standing as a candidate, raising concerns among Democrats that if Biden continues to run, Trump is likely to return to the White House. Biden has given no indication that he intends to step aside, but the governors atten...