Mario Draghi: “address the underlying cause”. Photograph: Ralph Orlowski/Reuters

Mario Draghi has hit back against German criticism of the European Central Bank’s interest rate policy, saying low borrowing costs were symptomatic of(...)

Mario Draghi, president of the European Central Bank (ECB). In a world of negative rates, he currently charges 0.4 per cent on the euros deposited by banks in his coffers overnight. (Photograph: Drew Angerer/Bloomberg

Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fa(...)

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(...)

The  Federal Reserve building in Washington. he New York Fed, which handles the mechanics of monetary policy three blocks from Wall Street, will turn on Thursday to a suite of lightly tested tools to drive rates higher. Photograph: Andrew Harrer/Bloomberg

No sooner will the Federal Reserve raise US interest rates than it must make more decisions on how to drain markets awash in cash and, further down th(...)

Former Fed chairman Ben Bernake on its portfolio: “The Fed could leave the balance sheet where it is and that wouldn’t be a problem,”

Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: th(...)

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 (...)

The US Federal Reserve building in Washington DC. The real profile in courage was the Fed’s behaviour in 2010-11 when it stood fast in the face of demands that it tighten policy.  Photograph: AFP Photo

According to economist Kevin O’Rourke, who has been doing a running comparison between the Great Depression that began in 1929 and the Great Recession(...)

‘Valuations aside, market history does not suggest rising rates need prove disastrous for stocks.’ photograph: getty

The US Federal Reserve decided last month to leave interest rates on hold while signalling it expects to raise rates sooner rather than later – 13 of (...)

A stock quotation board outside a brokerage in Tokyo tracks plunging global indices yesterday. Photograph: Thomas Peter/Reuters

What caused Friday’s stock plunge? What does it mean for the future? Nobody knows, and not much. Attempts to explain daily stock movements are usually(...)

Former chairman of the US Federal Reserve Ben Bernanke: in a recent blog he makes several telling points about the mess the euro zone finds itself in.  Photograph: Win McNamee/Getty Images

The former chairman of the US Federal Reserve, Ben Bernanke, is reinventing himself as a blogger. In his most recent posting he makes several telling (...)