For the strategy to work best, the Fed needs to make a "credible statement" endorsing it before the next economic ...

Yellen backs 'lower for longer' rates

Former Fed chair Janet Yellen argued the US central bank should consider deliberating courting an economic boom by keeping rates lower for longer after they are cut to zero.

Argentines cook meatballs and rice in the middle of a Buenos Aires boulevard as a protest against new austerity measures.

Argentine austerity protests mount

Protesters are angry about the belt-tightening policies, which are cutting services to low-income Argentines already walloped by inflation of 31 per cent and climbing.