Ben Bernanke had the courage to defy all those tycoons demanding that they stop printing money. Photograph: Reuters/Jim Young

The Bank of Japan, the country’s equivalent of the Federal Reserve, has lately been making a big effort to end deflation, which has afflicted Japan’s (...)

Janet Yellen, chair of the US Federal Reserve. The board has decided it is time for its policy return to normal. Photograph: Andrew Harrer/Bloomberg

The old saying about central banks is that it is their job to take the punchbowl away just as the party is getting started.It is a marker of the stran(...)

Following on from Sunday’s stress test results, AIB was down by 5 per cent to 10 cents. Photograph:  Cyril Byrne

European shares rose yesterday, reversing the previous session’s dip as better-than-expected results from a number of blue-chips including pharma gro(...)

A broker looks at his screens at the stock exchange in Frankfurt, Germany today. The stock index DAX fell under 8500 points. (Photograph: Michael Probst/AP)

The global economy faces its biggest test of confidence since the European sovereign debt crisis as investors fear it’s running out of engines. Japan (...)

New York. US unemployment is at 5.9 per cent.

US employers stepped up hiring in September and the jobless rate fell to a six-year low, which could bolster bets on a Federal Reserve rate hike in m(...)

US Federal Reserve chairwoman Janet Yellen at a news conference in Washington yesterday. Photograph: Reuters/Gary Cameron

The US Federal Reserve last night made no change to its guidance that rates would stay low for a “considerable time” after it stops buying assets i(...)

US job growth slowed down sharply in August and more Americans gave up the hunt for work, giving a cautious Federal Reserve more reasons to wait a bit(...)

Mario Draghi: until the ECB president’s most recent speech there has been no acknowledgement of the need to run growth at a higher rate or even of the possibility that fiscal austerity can damage growth in the short-term.

Economists often complain that they can’t do laboratory experiments, something which explains why the profession only pretends to be a science. Becaus(...)

Janet Yellen, chair of the US Federal Reserve, left, speaks with Mario Draghi, president of the European Central Bank, during the Jackson Hole economic symposium, sponsored by the Kansas City Federal Reserve Bank, at the Jackson Lake Lodge in Moran, Wyoming, last week. Yellen said “the labor market has yet to fully recover,” in a speech today at the Kansas City Fed’s annual conference. Photograph: Bradly Boner/Bloomberg

Asian stocks rose, extending two- week of gains, as investors weighed comments from central bank leaders for clues to monetary policy and earnings rep(...)

US Federal Reserve chairwoman Janet Yellen with European Central Bank president  Mario Draghi at Jackson Hole. Photograph: Bradly Boner/Bloomberg

The world’s central bankers gathered at Jackson Hole last week in the great annual corroboree of the monetary policy clan. Yet while tribal loyalty(...)