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Fed Backstop Fears Could Threaten Dollar, Deutsche Bank Says

(Bloomberg) -- The withdrawal of a time-tested liquidity backstop offered by the Federal Reserve would represent the greatest risk to the dollar’s status as a reserve currency since the end of World War II, according to Deutsche Bank.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Develop

Lebanon appoints new central bank governor as it works to climb out of economic crisis

Lebanon appointed asset manager Karim Souaid to the post of central bank governor Thursday as the government tries to reform the economy after months of war and decades of mismanagement and corruption. The country's economy has been in crisis for five years and desperately needs reforms to unlock international aid, and on top of that, Israel’s 14-month war with Hezbollah caused what the World Bank estimates was $11 billion in damages and economic losses. The appointment was announced by Prime Minister Nawaf Salam, the International Court of Justice jurist who was named Lebanon’s premier in January following the election of President Joseph Aoun earlier that month.

IMF Says US Economy Slowing But Doesn’t Forecast Recession

(Bloomberg) -- The International Monetary Fund sees the US economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Developers Stalled by Blocked