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(...)

Bank of Ireland was one of the main movers on the day, up 2.1 per cent at closing to 29.1 cent. Traders said 280 million shares changed hands on the day, and it was the most traded stock on the exchange. Photograph: Frank Miller

European stocks declined, paring their biggest weekly gain in six months, after Federal Reserve chairwoman Janet Yellen underscored the persistence(...)

US Federal Reserve chairwoman Janet Yellen walks past a protester at the Jackson Hole economic symposium in Moran, Wyoming. Photograph: Bradly Boner/Bloomberg

Federal Reserve chairwoman Janet Yellen highlighted extreme uncertainly about how many more jobs the US economy can create before inflation picks u(...)

US Federal Reserve Chair Janet Yellen tells conference slack remains in labour market following “the largest and most sustained loss of employment” since the Great Depression. Photograph: Reuters

US Federal Reserve chair Janet Yellen has said slack remains in the US labor market even after gains made during the five years of economic recovery. (...)

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(...)

BHP Billiton lost 3.9% after yesterday announcing it’s poised for the biggest spinoff in the mining industry, separating aluminum, coal and silver assets to create a company valued around $15 billion after it begins trading next year. BHP’s London-listed shares fell the most in almost three years. Photograph: Carla Gottgens/Bloomberg

Asian stocks fell after valuations reached the highest level this year and as BHP Billiton (BHP) slumped, dragging materials shares to the largest de(...)