Federal Reserve chairman Jay  Powell: statement to Congress come as investors bet that the reserve’s monetary policymakers will move as early as late July to cut its main interest rate by at least 25 basis points Photograph: Getty

Chairman of the US Federal Reserve Jay Powell has cemented the case for the US central bank to cut interest rates based on mounting risks to the US ec(...)

Jerome Powell, chairman of the US Federal Reserve: “Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability.” Photographer: Andrew Harrer/Bloomberg

Federal Reserve chair Jay Powell warned on Wednesday that Facebook’s planned cryptocurrency, called Libra, cannot move forward unless the social media(...)

US president Donald Trump, three of his children and one of his companies filed a federal lawsuit Monday against Deutsche Bank and Capital One Financi(...)

Minister for Finance Paschal Donohoe has poured cold water on calls for increased infrastructure spending. Photograph: Cyril Byrne

There is no money in the Government’s rainy-day fund which Taoiseach Leo Varadkar plans to raid for vital infrastructural projects because it does not(...)

Janet Yellen, the new US Federal Reserve  chairman, has signaled she will carry on the central bank’s unprecedented stimulus until she sees improvement in an economy. Photograph: Pete Marovich/Bloomberg

Federal Reserve chair Janet Yellen said today the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the l(...)