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Like it or not, get used to the new normal of dependent central banks, perpetually low interest rates and quantitative easing,’

Posted by Richard640 @ 13:21 on July 13, 2019  

July 8 – Bloomberg (Cagan Koc, Nacha Cattan, and Alister Bull): “The ‘heyday of central bank independence now lies behind us,’ Pacific Investment Management Co.’s Joachim Fels declared… He is not alone among economists in delivering the last rites after Turkish President Recep Tayyip Erdogan fired his country’s top monetary policy maker and President Donald Trump continued to attack Federal Reserve Chairman Jerome Powell for raising interest rates too high… ‘Like it or not, get used to the new normal of dependent central banks, perpetually low interest rates and quantitative easing,’ Fels, Pimco’s global economic adviser, said…

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.