Central Bankers' Desperate Grab for Power


Central Bankers' Desperate Grab for Power.JPG

Central #Banks are out of #ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers in Jackson Hole, Wyo., in August. “In the longer-term,” he said, “we need to change the game.” The same point was made by Philipp Hildebrand, former head of the Swiss National Bank, in a recent #interview with #Bloomberg. “Really, there is little if any ammunition left,” he said. “More of the same in terms of monetary #policy is unlikely to be an appropriate response if we get into a #recession or sharp downturn.”

Find out more in this RTD news update here:
https://www.rethinkingthedollar.com/central-bankers-desperate-grab-for-power/


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18.09.2019 03:07
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