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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.

US ready to inject cash as GDP is revised down

But better news for UK as growth figure is revised upwards

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.

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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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks
The haunting of Shirley Jackson: Was the gothic author's life really as bleak as her fiction?

The haunting of Shirley Jackson

Was the gothic author's life really as bleak as her fiction?
Bill Granger recipes: Heading off on holiday? Try out our chef's seaside-inspired dishes...

Bill Granger's seaside-inspired recipes

These dishes are so easy to make, our chef is almost embarrassed to call them recipes
Ashes 2015: Tourists are limp, leaderless and distinctly UnAustralian

Tourists are limp, leaderless and distinctly UnAustralian

A woefully out-of-form Michael Clarke embodies his team's fragile Ashes campaign, says Michael Calvin
Blairites be warned, this could be the moment Labour turns into Syriza

Andrew Grice: Inside Westminster

Blairites be warned, this could be the moment Labour turns into Syriza
HMS Victory: The mystery of Britain's worst naval disaster is finally solved - 271 years later

The mystery of Britain's worst naval disaster is finally solved - 271 years later

Exclusive: David Keys reveals the research that finally explains why HMS Victory went down with the loss of 1,100 lives
Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

'I saw people so injured you couldn't tell if they were dead or alive'

Nagasaki survivors on why Japan must not abandon its post-war pacifism
Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen