Central Banks
Fed, Main Central Banks Should Rethink Crisis Response, G30 Says
- Policymakers stuck with QE too long as inflation rose, it says
- G30 warns of dangers of fiscal and financial dominance
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The Federal Reserve and other major central banks need to rethink how they respond to economic downturns and financial crises to avoid being trapped into keeping money easy for the sake of profligate governments and exuberant investors.
That’s according to a new report from a panel of experts from the Group of 30, an influential forum of current and former policymakers and academics that includes Bank of England Governor Andrew Bailey and New York Fed President John Williams.