Central banks need escape route from cycle of boom and bust

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The story "Central banks need escape route from cycle of boom and bust" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

Central banks need escape route from cycle of boom and bust - Financial Times

Quick Summary:

He adds that although the pace and magnitude of monetary easing increased over successive cycles, recessions still became yet more severe.

This simply does not square with what has happened in the era of financial deregulation which has been marked by repeated, ever larger financial bubbles that threaten growth prospects.

What we know for sure is that ultra-low interest rates after the 2007-09 financial crisis were morally hazardous, encouraging a huge increase in borrowing.