Stanley Fischer, said to be the leading candidate for the No. 2 job at the Federal Reserve, offers crisis-fighting experience and a dose of skepticism about efforts to shape expectations on the outlook for interest rates.
Representative Jeb Hensarling, chairman of the U.S. House committee that oversees the Federal Reserve, said he plans to subject the Fed to unprecedented scrutiny while considering legislation over the coming year that may focus on its structure, mandates and powers.
Russia’s central bank will probably leave interest rates unchanged for a 15th month after inflation accelerated more than forecast by economists in November, pushing this year’s target range out of reach.
Mexico’s 100-year bonds are on the verge of losing all their gains over the past two years as speculation the Federal Reserve will curb stimulus overshadows the nation’s biggest economic reforms in almost two decades.