So long as the Fed sticks to central banking, i.e. monetizing a portion of the national debt with monetary base, it can expect to be an independent expert agency. Regarding Paul Volcker, Alan Greenspan,
TOKYO (Reuters) - Bank of Japan policymakers discussed the possibility of further easing, with one board member saying the central bank must overcome deflation by keeping its stance of taking some kind
The Bank of Japan has kept monetary policy on hold at its July meeting but signalled it will respond aggressively to any economic weakness caused by events abroad. Japan’s central bank said it would maintain
Jeffrey Frankel is professor of Capital Formation and Growth at Harvard University. The United States Federal Reserve has some reasons to cut interest rates at its July 31 meeting, or subsequently if U.S.