The Trump administration needs to deliver on a number of its campaign promises if the rally in the US stockmarkets — which, in turn, can boost European markets, including the Iseq — is to last. This month marks the 10th anniversary of the beginning of the global financial crisis that set off the Great Recession.
You would not have to be Ben Bernanke, Christine Lagarde or even Barney Curley to realise that there was, during the darkest moments of our economic crisis, a lot of freeform, off-the-cuff advice offered to Government by very expensive consultancy firms.
JANET YELLEN, President Barack Obama’s pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication — fitting for someone who once joked that her dinner guests should expect a discussion of economics.
Former US treasury secretary Lawrence Summers has withdrawn from consideration to be chairman of the Federal Reserve, saying it would hurt the nation for him to go forward with what would be a contentious confirmation before the US Senate.
President Barack Obama has said his nominee for Federal Reserve chairman will be someone who embraces the central bank’s dual mandate to promote price stability and maximum employment, and he has narrowed his choice “to some extraordinarily qualified candidates”.
Irish bond yields have risen by 25 basis points over the past two weeks on the back of a global sell-off of risky assets, although the country remains on track to exit the EU/IMF bailout programme later this year.