Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a tenure that began somewhat by chance, survived blistering criticism from former President Donald Trump, and now positions the ex-investment banker to finish the most consequential revamp of monetary policy since the 1970s.
Japanese Prime Minister Fumio Kishida's ruling coalition was projected to stay in power in Sunday's election, but his party suffered steep losses, potentially weakening him just weeks into the job of leading the world's no.3 economy.
Canada's annual inflation rate accelerated to 4.4% in September, the highest since February 2003, and up from a year-over-year increase of 4.1% in August, Statistics Canada said on Wednesday.
Bundesbank President Jens Weidmann, a relentless critic of the European Central Bank's ultra easy monetary policy, will step down more than five years early, opening the door for Germany's new government to pick a less confrontational successor.