The Fed's Mission: A Rocket Launch From Jupiter
Over the past couple decades, the Bank of Japan has tried time and again to get interest rates up from zero, only to discover that the zero bound has a peculiarly strong gravitational pull. Although I hope the new measures it announced this week will help, its past experience holds an important lesson for central banks everywhere.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- 'Gaydar' Shows How Creepy Algorithms Can Get
- Trump, Presidential? Steph Curry Knows Better.
- The NFL Can't Afford to Become a Battleground
- Can We Stop Calling It a 'Muslim Ban' Now?
- In NFL Fight, Trump Embraces Political Correctness
- Dial Down the National Anthem at Sporting Events
- More Sanctions, Fewer Insults Against North Korea