However, required training shall first be
provided by the central banker to the interested financial bodies trying to incorporate the programme in their existing architecture.
Not exact matches
Confronted with the choice of whether to «lean» or to «clean» — leaning against emerging financial imbalances
by keeping interest rates higher than they otherwise would be or cleaning up in the event the risks they create are realized
by providing stimulus —
central bankers at that time generally agreed that cleaning would be best.
By providing the grease that kept money flowing,
central bankers superseded governments — they set the cost of money and
provided the confidence in ongoing liquidity — the world was their battlefield.»
Instead, synthetic gold, sourced in pyramids of credit extended to bullion
bankers by central banks with little or no claim on physical substance, have
provided a more efficient, better - camouflaged form of intervention.
The veteran
central banker is uneasy with that, and warns the Fed should prepare for a faster and more aggressive campaign of rate hikes given the inflation risks presented
by all the liquidity it has
provided markets.
It's clear what the
central bankers are hoping for: they want us all to keep borrowing and spending and
by providing negative real interest rates on cash force us into riskier asset classes: notably stocks.