Lael Brainard

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Federal Reserve chairman Jerome Powell: regulator is extending restrictions on big US banks. Photograph: Caroline Brehman/EPA

The Federal Reserve has extended for the rest of the year its unprecedented constraints on dividend payments and share buybacks for the biggest US ba(...)

The Apple Card charges retailers high transaction fees and reinvests some of the money in rewards, reinforcing an antiquated and expensive US payments market. Photograph:   Jaap Arriens/NurPhoto via Getty Images

Although it is easy to be distracted by shiny objects such as the new Apple Card, the biggest news in payments last week was a sober announcement from(...)

A trader passes the word on the floor of the New York Stock Exchange. Photograph: Brendan McDermid/Reuters

Stock markets peaked three months ago this week and it’s been pretty stressful ever since. The S&P 500 has been marked by a serious escalation in(...)

Emails released by Donald Trump jnr on Tuesday show he agreed last year to meet a woman he was told was a Russian government lawyer who might have damaging information about Democratic White House rival Hillary Clinton. Photograph: Reuters

The dollar edged down to 14-month lows against the euro in Asian trading on Wednesday as investors, already wary ahead of Federal Reserve chair Janet (...)

The Luas cross city construction works at O’Connell Bridge in  Dublin. The time is right for major public infrasructure investment. Photograph: Eric Luke / The Irish Times

Central banks are, as Mohamed El-Erian has written, “the only game in town”. They are certainly the main players of the game of macroeconomic stabilis(...)

Greek Prime Minister Alexis Tsipras is in Brussels today for a meeting with European Commission President Jean-Claude Juncker. Photograph: Kostas Tsironis/Bloomberg

The European Commission has played down expectations of a breakthrough on the Greek impasse tonight, warning that this evening’s meeting between Europ(...)

Greek prime minister Alexis Tsipras submittted a new refrom proposal to the troika on Monday. Photograph: Angelos Tzortzinis/AFP/Getty Images

Greece bonds rallied on Tuesday amid expectations that a breakthrough in the the country’s bailout talks could be imminent after the Greek government (...)