wage inflation begins to take off, Janet Yellen will have to act by removing the punch bowl from the party. If this happens, sparks could fly in Washington DC, writes Kyran Fitzgerald

With eurozone inflation stuck near zero for almost two years and Brexit now threatening to undercut the region’s recovery, economists see ECB president Mario Draghi as highly likely to lengthen quantitative easing for a second time.

If at first you don’t succeed, extend, and then extend again.

Government investment where markets fear to tread is essential if the global economy is to reassert itself, says Joseph Stiglitz

Despite a slowing Chinese economy, decelerating inflation, and a stronger euro, ECB president Mario Draghi has said he will do more to support eurozone growth only “if necessary”. 

Ray Kinsella says Central Bank governor Patrick Honohan has made a big contribution but political forces and other interests were too strong to reinstate the principle of public service.

This week, a white- haired woman spoke and the world sat up and listened.

Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.

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.

Ben Bernanke has handed the reins at the Fed to his successor but Janet Yellen faces a tricky challenge in weaning the US off quantitative easing without upsetting the global economy, writes Kyran Fitzgerald.

Janet Yellen has been sworn in to succeed Ben Bernanke, becoming the first woman to lead the US Federal Reserve in its 100-year history.

THE departure of US Federal Reserve chairman Ben Bernanke has fuelled talk about when and how the Fed and other central banks will end huge purchases of long-term assets, known as quantitative easing (QE).

The Federal Reserve stayed the course on tapering its stimulus for the US economy yesterday, reducing asset purchases by $10bn (€7.32bn) for the second month in a row.

The US Senate confirmed Janet Yellen as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts to spur the economy with low interest rates and massive bond purchases.

THE world economy should finally overcome its hangover from the global financial crisis this year as growth picks up and house prices rise, but reduced US monetary stimulus will pose a challenge.

The incoming president of the US Federal Reserve, Janet Yellen, gave a strong defence of the central bank’s very loose monetary policy before a Senate Banking Committee hearing last week.

Janet Yellen, President Barack Obama’s nominee to lead the Federal Reserve, thinks the US central bank has “more work to do” to help an economy and a labour market that are still under-performing.

US president Barack Obama has been ousted from the number one spot in an annual ranking of the world's most powerful people by Russian counterpart Vladimir Putin.

It is official, then. Janet Yellen is to become the first female ‘chairman’ of the US central bank next February and as such, she will be in a position to affect all our lives.

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.

Banks in Spain, Italy and Portugal face about €250bn in potential losses on their business loans over the next two years, the International Monetary Fund (IMF) said.

The Federal Reserve has decided against reducing its stimulus for the US economy.

The US stock market paused yesterday as investors tried to figure out what to do next following the Federal Reserve's decision to hold steady on its stimulus for the economy.

The Federal Reserve unexpectedly refrained from reducing the $85bn pace of monthly bond buying, saying it needs to see more signs of lasting improvement in the economy.

Wall Street was happy to see Larry Summers go.

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.

Global markets took cheer after a key player pulled out of the race to head America's central bank, lifting hopes that the US will keep the printing presses rolling.

The man who many thought was favourite to succeed Ben Bernanke as the US Federal Reserve chairman has quit the race.

A turning point for the world’s biggest economy is expected this week when US policymakers begin the process of scaling back stimulus efforts.

The pace of growth in the US economy has generally slowed in recent quarters, though picking up slightly in Q2.

Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash, because emerging markets lack defences to prevent potentially huge capital outflows, top officials have been warned.

Six years ago this month the sub-prime crisis in the US finally erupted and unleashed the greatest shock that the global economic and financial system had seen since the 1930s.

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”.

Global stock markets powered ahead today on renewed hopes America's money-printing presses will continue to roll.

Whenever Alan Greenspan was praised for delivering a clear message on US monetary policy, he liked to reply something along the lines of: “If you think that, you have misunderstood what I said.”

German 10-year bonds declined in trading yesterday, pushing yields up the most in almost two weeks, as a US payroll report showing employers added more jobs than economists forecast damped demand for safer assets.

Good news on jobs and consumer spending pushed stocks higher again yesterday.

Wall Street is focusing on the positive, with major stock indexes rising for a second day yesterday.

Wall Street got back to focusing on the economy instead of the Federal Reserve yesterday, sending stocks higher.

The ISEQ continued its downward spiral yesterday as prices fell a further 99.82 points or 2.35%.

For the sixth month in a row, the NTMA will issue a €500m three-month treasury bill tomorrow.

Good news over hiring and retail sales helped send the US stock market sharply higher yesterday.