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.

Markets in turmoil as traders face new shocks

The IEA's move to rein in oil prices added to the anxieties of stock market investors around the world yesterday, prompting a rollercoaster ride on leading exchanges as the contagion spread.

Market Report: Banks finish in the red over ring-fencing fears

Investors withdrew from the banks last night, as analysts warned that the market was not taking into account the damage that could be caused by plans to force the sector to ring-fence its high street operations.

More quantitive easing not on Federal Reserve agenda

The Federal Reserve blamed temporary factors for the current soft patch in the US economy, closing down for now any suggestion it could consider a third programme of quantitative easing.

Stephen Foley: Inflation targets will stay Bernanke's hand

US Outlook: When Ben Bernanke took over as chairman of the Federal Reserve in 2007, it looked like one of his early moves might be to introduce an explicit inflation target for the central bank's interest rate-setting committee.

Fed Reserve may target US inflation to control prices

The Federal Reserve, the US central bank, is considering publishing a formal inflation target as a way of keeping prices under control.

Stephen Foley: Bernanke remains scholar and gentleman

US Outlook: Jamie Dimon is on the board of the New York Federal Reserve and a power player on Wall Street. He has no shortage of opportunities to make diplomatic overtures behind the scenes to the central bank and to its chairman, Ben Bernanke. His question to Mr Bernanke this week was therefore a deliberate public ambush. Has the Fed "bothered" to study the effect of Wall Street reform on the economic recovery?

Seconds Out: The Great Banking Fightback

Barclays and JPMorgan are leading a counter-attack against banker-bashing. Sean Farrell and Stephen Foley report

Bank 'amnesia' threatens reforms, says regulator

Shelia Bair, the outgoing chairman of the Federal Deposit Insurance Corporation, one of the most powerful US financial regulators, warned yesterday that "amnesia" over the 2007-2009 credit crisis is threatening important Wall Street reforms.

Market Report: African Barrick loses its shine amid tax worries

Fears that the Tanzanian government might move to impose a windfall levy on mining profits undermined the mood around African Barrick Gold last night.

Dimon confronts Bernanke over banking rules

Jamie Dimon, chief executive of JPMorgan Chase, one of Wall Street's most powerful banks, took his complaints about too much regulation directly to the chairman of the Federal Reserve last night, challenging Ben Bernanke to prove that new banking rules are not crimping the economic recovery.

The Business On: Peter Diamond, Professor of Economics, MIT

What's his specialism?

Stephen Foley: Now, where is US inflation hiding?

US Outlook: Some people will never be persuaded that inflation is dead. But the US Government released a picture of the labour market here yesterday, and it was notable for the absence of any wage inflation pressures.

No U-turn on economic aid, Bernanke insists

The US Federal Reserve stood firm in its commitment to an exceptionally loose monetary policy in the world's largest economy, dismissing concerns yesterday over inflation and promising to hold interest rates at their current zero rate for an extended period.

Bernanke to confront his critics as US economic recovery stutters once again

Weakening economic growth and sliding house prices in the world's largest economy form the backdrop to the first-ever press conference by a Federal Reserve chairman, to be held after the US central bank makes its latest interest rate decision today.

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The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003