About Us

                          Kevin Warsh Wants the Fed to Stop Explaining Everything

Kevin Warsh, the new Federal Reserve chairman, aims to reduce the central bank’s public communication, believing it has become excessive.
Warsh faces a challenge in changing the Fed’s communication practices, which were developed by his predecessors and are defended by current colleagues.
The new chairman’s initial focus is on communication changes, as hot inflation from the Iran war prevents him from altering interest rates.

                          BOE Expected To Leave Key Rate Unchanged, Parting Ways With ECB

The Bank of England is expected to keep its key interest rate unchanged on Thursday, mirroring the Federal Reserve.
Most Bank of England policymakers see moderate risk of energy prices causing a wage-price spiral, citing a weakened jobs market.
Bank of England Chief Economist Huw Pill and Megan Greene are expected to vote for a rate increase to 4% from 3.75%.

                          Eurozone Industrial Production Picked Up Again in April

Eurozone industrial output rose 0.1% in April as factories met orders from customers anxious about Middle East conflict.
The European Central Bank on Thursday lowered its 2026 growth forecast to 0.8% amid expectations of weakening industrial output.
An interim U.S.-Iran deal to reopen the Strait of Hormuz could aid industries, but a rebound is not yet anticipated.

                      About Us

                    WSJ Pro Central Banking brings you news and analysis from a global team of reporters and editors at The Wall Street Journal and Dow Jones Newswires. Send your tips, suggestions and feedback to service@dowjones.com. An artificial-intelligence tool created these summaries, which are based on the text of the article and checked by an editor. Read more about how we use artificial intelligence in our journalism.

                      Access WSJ‌.com and our mobile apps.
                      Subscribe