For several years, I have been critical of Federal Reserve policy since the 2008 financial crisis maintaining near-zero interest rates even as the central bank’s balance sheet has risen to over ten times what it was on Lehman Day.
Policy makers have to maintain a High ground undoubtedly. It does bring a constraint in managing their personal wealth which is highly sensitive to actions of central Bank and which reflects almost immediately in capital values.
Policy makers have to maintain a High ground undoubtedly. It does bring a constraint in managing their personal wealth which is highly sensitive to actions of central Bank and which reflects almost immediately in capital values.