Foreign exchange reserves offer only a partial defence against the effects of policy in the rich world
FOMC could begin debate as early as this week on shrinking $120bn monthly asset purchase scheme
Quarles says policymakers will have to weigh how to reduce pandemic-era support if recovery continues
Fed officials look ahead to scaling back stimulus but insist policy change is not imminent
Central bank and markets face tricky pivots to avoid damage from a policy mistake
Also bitcoin replies and housing prices
Ex-Treasury secretary warns of risk US central bank will be forced into knee-jerk rate rise
Jay Powell, of all people, is haunted by the ghost of past monetary policy mistakes
Historic increase in monetary supply to fight Covid crisis will lead to higher consumer prices
Dovish comments from Federal Reserve chairman fail to halt increase in Treasury yields
Easy money and fiscal gridlock in Washington lead to populism
Bitcoin is on a tear. And this time, the hyper valuations might stick.
Central bank holds US rates at rock-bottom levels and promises continued aid to economy
Investors pushed into riskier assets as market eyes long economic recovery
Mike Mackenzie’s daily analysis of what’s moving global markets
Central bank ratchets up efforts to prevent eurozone slipping into deflationary spiral
Rally in risky assets has proven resilient, but path to full health remains rocky
A collapse in demand is reducing prices even as central banks print money
International Edition