“A subtle shift in monetary policymaking is afoot with a new generation of central bankers, striving to secure global economic recovery, prepared to challenge the old doctrine of inflation-fighting at all costs. Policymakers from the U.S. Federal Reserve to the Bank of Japan have reconsidered or relaxed their inflation targets and have given more emphasis to economic growth. With the financial crisis having starkly exposed central banks’ failure to stave off danger, and policymakers having responded by flooding world markets with trillions of dollars in cheap funding, a small run-up in inflation may no longer be the anathema it once was.”
http://www.reuters.com/article/2012/12/20/us-centralbanks-idUSBRE8BJ0T120121220
(Visited 35 times, 1 visits today)
Related posts:
China warns US to 'stop manufacturing crises' and raise debt ceiling
Army Tests Spy Blimp Over NJ
Napolitano: If 4th Amendment Written for Anything, It Was to Prevent NSA Surveillance
Rand Paul: The President Doesn't Get To Write Legislation, It's Illegal And Unconstitutional
Gold Price Oscillator (Year over Year Price Change %)
Greece May Need Billions More in Emergency EU Aid
FBI created fake Seattle Times Web page to nab bomb-threat suspect
Estonia tells European Union to rely less on U.S.-based ‘cloud’ storage
Germany fears revolution if Europe scraps welfare model
Strong smell of marijuana reported inside Colorado Capitol
Russia Issues Travel Warning to Its Citizens About U.S. and Extradition
Italian showdown with Germany as Enrico Letta rejects 'death by austerity'
Why Does The Government Treat Immigrant Kids Cruelly? Because It Can
Mexico memorial to drug war victims inspires debate
First tobacco, now sugar. Next they'll be regulating our trousers