Posted on 08/28/2016 8:17:29 AM PDT by Mariner
JACKSON HOLE, Wyo. (Reuters) - Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.
Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural changes to boost productivity and growth in the U.S. and Europe.
Without that, they said, it would be hard to convince markets and households that things will get better, and encourage the shift in mood many economists feel are needed to improve economic performance worldwide. During a Saturday session at the symposium, such a slump in expectations about inflation and about other aspects of the economy was cited as a central problem complicating central banks' efforts to reach inflation targets and dimming prospects in Japan and Europe.
ECB executive board member Benoit Coeure said the bank was working hard to prevent public expectations about inflation from becoming entrenched "on either side" - neither too high nor too low. But the slow pace of economic reform among European governments, he said, was damaging the effort.
"What we have seen since 2007 is half-baked and half-hearted structural reforms. That does not help supporting inflation expectations. That has helped entertain disinflationary expectations,” Coeure said.
(Excerpt) Read more at ca.news.yahoo.com ...
“What we have seen since 2007 are [fully-baked and masterfully implemented money laundering and wealth re-distribution schemes, foisted upon the Global Population by the American Democratic Socialist Party, aided and abetted by the complicit GOPe.]”
Fixed! :)
F um. Btw, you’re right, they raise rates, and they’ll torch what is left of this economy. And they know this.
The internet does not even have the statistics of State budgets going back to the 60’s or 70’s
If yopu pay close attention you will rarely, if Ever see any comparison from 1965 and earlier, simply because the “Coinage Act of 1965)” which we had to do to Support LBJ’s “War on the Family” plane he just Enacted, because the “MONEY” did NOT EXIST. That Turned us in to a DEBT BASED MONETARY SYSTEM Overnight.
President Nixon was FORCED to Declare the United States was BANKRUPT on August 15, 1971, after the Brits and Italians CALLED OUR BLUFF and Demanded to paid in Silver and Gold.
The Government and Banking system has STOLEN an Average of 5% of VALUE OF EVERY FEDERAL RESERVE NOTE AND CREDIT ANNUALLY ever since.
What the heck does immigration have to do with any of this?!
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Be thankful they didn’t throw anything in about global warming.
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