World Bank latest to urge Fed to hold rates until 2016

The World Bank has become the latest global organization to urge the U.S. Federal Reserve to delay raising interest rates until 2016, amid growing expectations that the central bank could hike as early as September.

The liquidity timebomb - monetary policies have created a dangerous paradox

Ben Bernanke, former Federal Reserve chief, prompted the ‘taper tantrum’ when he hinted at reducing bond purchases.

Central bank responses to the financial crisis are feeding booms and bubbles while market illiquidity will eventually trigger a bust and collapse.