Economics
Top Central Bankers Share Sober View of ‘Hand We’ve Been Dealt’
- Fed’s Williams, BoJ’s Wakatabe warn of tough policy challenges
- Yellen, Summers, Draghi also address AEA meeting in San Diego
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The U.S. and the rest of the industrial world may have to resign themselves to an extended period of slow economic growth, subdued inflation and low interest rates. The trick will be in avoiding something even worse.