Insights Overview Summary
Tony Crescenzi, PIMCO executive vice president, market strategist, author and portfolio manager, shares his insights into the Federal Reserve, global central bank activity, monetary policy and pressing economic issues.
The Bank of England must weigh the risk posed by the current period of above-target inflation against the medium-term challenge of maintaining inflation at the 2% target.
The BOC would like to see fiscal policy, business fixed investment and exports further stimulate economic growth.
The Federal Reserve faces three complications to removing monetary policy accommodation.
The risk of redenomination, remote as it is, still complicates the European Central Bank’s exit from quantitative easing.
The Fed could contain inflation fears in the bond market by taking a more hawkish stance.
Ensuring a smooth exit from extraordinary monetary policy will be no enviable task.
As the BOJ hits the limits of its innovative policy framework, The New Neutral yield curve concept could play a critical role.
Look for very easy UK monetary policy to be with us for the cyclical horizon.
International monetary policy cooperation could pose a threat to the credibility and public support of central banks.
China’s integration into the world economy began decades ago, but its integration into the global financial system is relatively new.
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