Federal Reserve Board chair Janet Yellen  and  Donald Trump.

Donald Trump’s victory in the US presidential race throws into question the core assumption in global financial markets that the Federal Reserve will (...)

“In any event, if you argue for something, no matter how flawed you might privately believe it to be, you are saddled with the blame when things go wrong. It’s called cabinet responsibility.” Photographer: Dara Mac Donaill/The Irish Times

Ajai Chopra, head of the IMF’s mission to Ireland during the banking crisis, has once again pointed the finger at the ECB for our bungled bailout (Iri(...)

Thousands attend an anti-austerity protest at Merrion Square in Dublin: fading memories of the crisis will make it politically difficult to sustain fiscal discipline to cut national debt. Photograph: Dara Mac Dónaill

The Fiscal Council can hardly have expected garlands for dishing out smelling salts over the budget – the body was not set up to court popularity. And(...)

The financial district of Pudong in Shanghai. “Foreign reserves being accumulated by China, Japan and many emerging economies have also slowed to a trickle. This is all very good news.” Photograph:  Carlos Barria/Reuters

Understandably, it is fashionable to be pessimistic. We have just lived through a financial and economic crisis that was, for some countries at least,(...)