Plans by central bankers to reduce monetary stimulus could create market shocks, the chairman of Banco Santander told CNBC Wednesday.
Not exact matches
«The capacity of
central bankers to do that, whether they
plan to respond
by varying some kind of capital requirement or whether they
plan to respond
by varying interest rates, seems to be to be very much in question,» Summers said.
The Aldrich
plan, ostensibly the fruit of the National Monetary Commission's extensive deliberations, but really a scheme secretly cobbled together
by Aldrich and his
banker friends at Jekyll Island, was (according to Paolo Coletta) «particularly anathema to Bryan... because it called for a single, privately controlled
central bank located in New York.»
Thanks to a coordinated
plan of attack on part of global sovereign
bankers, and reiterated
by new policy actions from the European
Central Bank, the markets shrugged off early losses in the year with a very solid recovery in March.
Guest essay
by Eric Worrall What is the difference between a centrally
planned Communist economy, and an economy where
Central bankers punish businesses which defy their investment directives?