Janet Yellen, chair of the  Federal Reserve, second left, speaks as Ben Bernanke, former Fed chair, second right, Paul Volcker, another former Fed chair, right, and Fareed Zakaria, CNN anchor, left, listen during the Historic Fed Chair Conversation in New York. Photograph: Bloomberg

Janet Yellen has brushed aside suggestions that the Federal Reserve’s December interest-rate increase was a mistake, as she described “tremendous prog(...)

Market ups and downs: a focus on short-term performance means money managers are engaging in activity that is causing bubbles and crashes

Institutional investors’ obsession with short-term performance means money managers are engaging in activity that is “not merely superfluous but wealt(...)

Former US president George W Bush. The current crop of Republicans are doubling down on his economic policies.

The year 2015 was, of course, the year of Donald Trump, whose rise has inspired horror among establishment Republicans and, let’s face it, glee, call (...)

Democratic U.S. presidential candidate Hillary Clinton gives a thumbs up to supporters in the crowd as Senator Bernie Sanders (left) and former Governor Martin O’Malley (3rd left) shake hands with moderators Martha Raddatz (2nd left) and David Muir (right) at the end of the the Democratic presidential candidates debate at St. Anselm College in Manchester, New Hampshire. Photograph: Brian Snyder/Reuters

Hillary Clinton largely looked past her Democratic rivals in Saturday night’s debate, instead repeatedly assailing the Republican field, led by Donald(...)

Former British prime minister Gordon Brown has taken on a job at global investment firm, Pimco. The ex-Labour leader will advise on economic and political issues, the company announced. (Photograph: Danny Lawson/PA Wire)

The bond investing firm Pacific Investment Management Co (Pimco) has named two former central bank chiefs and a former British prime minister to sit (...)

Apple told the world it had not sold as many iPhones as expected and investors had a hissyfit, with  $60 billion being wiped off its value

So, where are we in the world of heavyweight tech stocks? Apple told the world it had not sold as many iPhones as expected and investors had a hissyfi(...)

Nothing exemplifies the recent market madness in China better than the case of online video stock Beijing Baofeng Technology.  Photograph: China Daily/Reuters

Hedge fund fees are a joke. Often, so is the criticism of hedge fund fees. Take the faux outrage that greeted last week’s Institutional Investor annou(...)

Mount Moran in Grand Teton National Park seen through a window at the Jackson Hole economic symposium in Wyoming. Photograph: Bloomberg

The annual August summits of the world’s top central bankers in Jackson Hole, Wyoming, have a dramatic mountain backdrop, but the conference titles ar(...)

US President Barack Obama appointed a special, bipartisan commission to propose solutions to the alleged crisis, and spent much of his first term trying to negotiate a Grand Bargain on the budget with Republicans. Photograph: Bloomberg

For much of the past five years readers of political and economic news were left in little doubt that budget deficits and rising debt were the most i(...)

Jeremy Grantham’s GMO has been warning for some time that US investors face subdued long-term returns due to elevated prices. Valuation warning signal(...)