via WSJ:
It is unclear whether fine-tuning rates will be enough to revive decade-old expansions
Central banks world-wide are poised to unleash some of the most aggressive monetary stimulus since the financial crisis a decade ago.
But the circumstances are different now, with policies aimed more at breathing life into decade-old expansions rather than at averting an economic collapse. And it is unclear whether the central bankers’ depleted tools will be adequate.
Fed Nominee Shelton Calls for 50 Basis Point Rate Cut in July – WP
Judy Shelton, Trump’s intended Fed nominee, is calling for a large interest rate cut. She says it should have happened in June.
The Fed Has Reached a Turning Point
The U.S. Federal Reserve is poised to put interest rates on a new, downward trajectory in its efforts to support an increasingly fragile economy.
Japan’s Abe Vows Flexible Steps in Case of Downside Economic Risks
“If the economy falls into a recession, Japan would resort to a large-scale fiscal stimulus with the Bank of Japan effectively financing debt through its yield curve control,”…