Central Banks World Wide Maintain Ultra Loose Monetary Policies – Except One. Bank of England leaves bank rate at 0.25%, maintains government bond purchases at £435bn and corporate bond purchases at £10bn Bank of Japan maintains pledge to keep short-term interest rates at minus 0.1%; rules out reducing its massive stimulus program. Swiss National Bank … Read More →
QE Causes Millennials and Senior Citizens to Compete For Jobs Millennials, Senior Citizen and The Federal Reserve See also Millennials: Not Part of the Club Yet Podcast Summary: 0:00-2:45 Intro 2:45-4:25 Review of what the Fed Presidents are saying. 4:25-9:30-How the Fed communicates their position to control interest rates and the dollar; why the Fed … Read More →