With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning

Fed chair Janet Yellen’s raising of US interest rates has prompted the European banker to loosen monetary policy to stimulate consumer prices.

European Central Bank president Mario Draghi’s stimulus programme has failed to ignite the celebration of risk-taking it did in the US six years ago.

ECB president Mario Draghi willingly giving Greece negotiating room while cash drains from the banking system has riled those who had a tougher ride.