Federal Reserve chair Janet Yellen has spelt out a cautious approach to monetary policy. Photograph: Getty Images

The Federal Reserve signalled that its concerns about global economic and financial hazards have eased since its meeting in March, even as it continue(...)

European Central Bank (ECB) President Mario Draghi. A pause in ECB policy may hand the Federal Reserve chair an opportunity to raise interest rates in coming months, by reducing the risk of a sharp rally in the dollar if the policies of the two central banks conspicuously diverged. (Photograph:  Ralph Orlowski/Reuters)

Mario Draghi has opened a door. Janet Yellen has to decide whether she wants to walk through. The European Central Bank president signaled last week(...)

The US Federal Reserve chairwoman Janet Yellen. She has stressed that the central bank should proceed cautiously as it considers when to next lift rates

Many Federal Reserve policymakers were warning of “appreciable” risks to the US economy from global developments as a deeply divided body of officials(...)

Fed chairwoman Janet Yellen:   cautious assessment and emphasis on global risks marked a contrast to the more optimistic tone in December, when she hailed the Fed’s decision to raise rates. Photograph: Jim Lo Scalzo/EPA

Persistent global market turbulence could set back US growth and slow the pace of corporate hiring, the Federal Reserve chairwoman told Congress yest(...)

US Federal Reserve chair Janet Yellen has indicated that rate rises will be ‘gradual’. Photograph: Reuters

The US Federal Reserve will raise interest rates again in the next three months, according to two-thirds of economists polled by Reuters, although man(...)

US Federal Reserve Chair Janet Yellen   addresses the Economic Club of Washington where she laid the ground for the first rise in official interest rates since 2006. Photograph: Reuters

An important measure of euro zone inflation edged down last month, further raising the prospect of more monetary easing by the European Central Bank w(...)

 Federal Reserve chairwoman  Janet Yellen testifies before the House finance committee  in Washington. PhotographGetty Images

Janet Yellen, chairwoman of the Federal Reserve, said the US economy was performing well and that Fed rate-setters might consider raising rates at the(...)

The Federal Reserve in Washington DC: “Over a long period of time, United States monetary policy has operated on an asymmetric basis whereby the Federal Reserve loosens in response to market collapses but fails to restrain market euphoria.” Photograph: Andrew Harrer/Bloomberg

In introducing the latest quarterly report from the Bank for International Settlements (BIS), Claudio Borio, head of the bank’s monetary and economic (...)

Stocks surged late in trading, appearing to respond to the view of William Dudley, president of the Federal Reserve Bank of New York, that next month may be not be the right time to start increasing rates.

US stocks yesterday wiped out most losses suffered in a two-day rout, with shares posting their biggest gains since 2011 as investors shook off concer(...)

People walk by the New York Stock Exchange in New York. Photograph: Kena Betancur/AFP/Getty Images

Federal Reserve policymakers expressed concern about lagging inflation as well as threats to the US economy posed by a stronger dollar and development(...)