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WASHINGTON—A U.S. central bank digital currency could one day coexist with and even complement so-called stablecoins, Federal Reserve Vice Chairwoman Lael Brainard plans to tell House lawmakers Thursday.“In some future circumstances, CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Ms. Brainard is expected to tell…

Musk would have been appointed to Twitter's board on Saturday, but the world's richest man informed the company on the day that he would not, in fact, be taking the board seat.Andrew Burton | Getty Images News | Getty ImagesTwitter reached a $150 million settlement with the Department of Justice and Federal Trade Commission over alleged misrepresentations of its data privacy practices, the agencies announced on Wednesday.The settlement, which still needs to be approved by a federal judge, would resolve claims from the…

As companies increasingly involve AI in their hiring processes, advocates, lawyers, and researchers have continued to sound the alarm. Algorithms have been found to automatically assign job candidates different scores based on arbitrary criteria like whether they wear glasses or a headscarf or have a bookshelf in the background. Hiring algorithms can penalize applicants for having a Black-sounding name, mentioning a women’s college, and even submitting their résumé using certain file types. They can disadvantage people…

Federal Reserve Bank of St. Louis President James Bullard reiterated Tuesday that the U.S. central bank is on track for half-percentage-point rate rises at the next couple of policy meetings. “We have a good plan for now” and it’s up to the Fed to ratify the tighter stance of monetary policy financial markets have priced in, Mr. Bullard said in a public appearance. Federal Reserve Bank of St. Louis President James Bullard reiterated Tuesday that the U.S. central bank is on track for…

Article content Ottawa’s interim police chief says he did not ask the federal government to invoke the Emergencies Act during the “Freedom Convoy” in February. Article content The Liberals have said law enforcement asked for additional powers that could only be granted by declaring a national emergency. Last week, however, Commissioner Brenda Lucki also said the RCMP did not ask the federal government to use the act. Ottawa interim chief Steve Bell spoke to a parliamentary committee today, along with representatives…

Federal Reserve Chairman Jerome Powell is set to take questions Tuesday on the U.S. economic outlook and its implications for the labor market, inflation and central-bank policies. Mr. Powell, who was confirmed to a second four-year term last week by the Senate with a large bipartisan majority, is scheduled to speak at The Wall Street Journal’s Future of Everything Festival for a 35-minute interview beginning at 2 p.m. Eastern time. The appearance comes as…

Federal Reserve Bank of New York leader John Williams said Monday that bond market volatility doesn’t look problematic to him, in comments that reiterated his view that the central bank will need to forcefully tighten monetary policy to contain inflation. The churn seen in government bonds over recent weeks is “more or less in line with” what one would expect to see given general uncertainty over the outlook and the shift in Fed policy, Mr. Williams said. “I’m not seeing signs of market dysfunction in…

Another strong inflation reading in April is likely to keep pressure on the Federal Reserve to continue raising rates in half-percentage-point increments at the central bank’s next two policy meetings and possibly beyond that.The rapid pace of U.S. inflation stayed strong last month, offering little reassurance to the Fed even though the year-over-year rate of growth slowed. On a monthly basis, the consumer price index rose a seasonally adjusted 0.3% in April, according to a Labor Department report on Wednesday. Inflation…

Federal Reserve Bank of New York President John Williams said that lowering inflation is the U.S. central bank’s main mission now and he doesn’t think moving monetary policy to a more restrictive stance would cause a recession. “The challenge for monetary policy today is clear: to bring inflation down while maintaining a strong economy,” Mr. Williams said in a speech Tuesday in Germany. “I am confident we have the right tools to achieve our goals,” he said. Federal Reserve Bank of New…

Secretary of Energy Jennifer Granholm takes questions during a media briefing at the White House in Washington, U.S., November 23, 2021.Evelyn Hockstein | ReutersThe U.S. Department of Energy announced on Thursday it was taking its first steps to disburse more than $2.3 billion for carbon capture technology included in Biden's Bipartisan Infrastructure Law, which the president signed in November, for carbon capture technology.Carbon dioxide emissions are a result of burning fossil fuels and are a primary cause of…