James Bullard

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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(...)

Comments last week from James Bullard, president of the Federal Reserve Bank of St. Louis, saw Asian markets slip over-night over renewed concerns about the Federal Reserve’s policy stance. Photograph: David Vilder/Bloomberg

Most Asian markets slipped in over-night trading as a soft lead from Wall Street and renewed concerns about the Federal Reserve’s policy stance took t(...)

A police officer guarding the Federal Reserve building in Washington, DC: the challenge in unwinding current policies is not technical. As Fed chairman Ben Bernanke explained in February 2010, exit from quantitative easing and bloated central bank balance sheets is technically straightforward. Photograph: Andrew Harrer/Bloomberg

Since the beginning of May, monetary policy has undergone a substantial tightening. This has taken the form of a rise in the yield on the bonds of hig(...)

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