News

The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

Stephen Foley: A long-term labour challenge

US Outlook: There are now more than 6.2 million Americans who have been out of work for more 27 weeks, a tragedy for the people involved and one of the more terrifying numbers in what was a slightly better than feared October employment report, published yesterday.

Bernanke signals second US stimulus plan

Ben Bernanke yesterday gave his clearest signal yet that the US is set to restart its quantitative easing programme as the world's biggest economy struggles to emerge from the recession.

Pound hits high against dollar following Bernanke vow

The pound hit its highest value against the dollar since January today after the chairman of the US Federal Reserve signalled that further efforts to boost recovery were on the cards.

Dollar slumps as fears grow Fed will print more money

Evidence of further weakness in the US economy and renewed speculation that the Federal Reserve is about to restart its policy of "quantitative easing", the direct injection of electronic money into the economy, sent the dollar crashing though a range of benchmarks and records yesterday.

Business Diary: No room for sentimentality

Deutsche Bank analyst Marc Geall didn't mince his words as he downgraded his rating of Autonomy from buy to hold. "Autonomy has neglected [investment]" he warned this week, adding "with management not confronting the issues, future volatility is still a risk". Geall should know – his profile on social networking site LinkedIn reveals that before joining Deutsche in July, he spent three years working at Autonomy, latterly as its head of corporate strategy.

Posen pleads for new stimulus to save economy and democracy

A leading Bank of England policymaker has issued an unprecedented call for the Bank "aggressively" to print money and buy mortgage books from the banks to save the economy and protect democracy itself from the dire consequences of a long slump.

Leading article: A burden of economic responsibility

Barack Obama has a lament about his administration's Republican opponents in Congress: "If I said the sky was blue, they'd say no. If I said fish live in the sea, they'd say no". President Obama's complaint is understandable. And he would not be the first occupant of the White House to find himself stymied by the boys and girls on The Hill.

Employment data ease US fears of 'jobless recovery'

Unusually bright news from the US labour market helped to dispel fears that the American economy may soon suffer a catastrophic relapse into recession.

Bernanke: Fed could do nothing to save Lehman

The Federal Reserve was powerless to stop the collapse of Lehman Brothers in 2008, the central bank's chairman said yesterday, but he was too scared to say so in public at the time.

Stephen King: It's all very clear how Japan lost a decade, but will others make the same mistake?

Outlook: Unless a decent recovery is already in the bag, the public will have doubts about the potency of policymakers and the tools at their disposal

US consumer spending beats forecast for July

Spending by American consumers rose in July at its fastest rate for four months, the US Commerce Department said.

Stephen Foley: Helicopter Ben rides again

US Outlook: The rotor blades are whirring again at the Federal Reserve helipad. Helicopter Ben – as chairman Ben Bernanke is known for showering money on the blazing fires of the credit crisis – has put new quantitative easing (QE) on the agenda for fighting deflation and a double-dip.

US ready to inject cash as GDP is revised down

But better news for UK as growth figure is revised upwards

UK economy growth overshadowed by US risk

The UK's best growth in nearly a decade was overshadowed tonight by the growing threat of a double-dip recession in the US.

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She's done pretty well, for a boffin without a beard

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The Last Word: Tumbleweed through deserted stands and suites at Wembley

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