Tortuously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilise the global economy in an era of lower interest rates, a top Federal Reserve policymaker said yesterday.
"Experience teaches us that it is better to prepare for the future than wait too long," New York Fed President John Williams said in remarks prepared for delivery at a policy conference in Zurich, Switzerland.Lower birthrates are keeping population growth down in the world's wealthier economies and technological advancement has shifted down to more normal levels. Each trend is capping how much economies can grow, Mr Williams said.
The lower growth leads to less investment and ageing populations in those advanced economies increases savings. Lower demand for and a higher supply of savings has reduced the"neutral" level of interest rates around the world that would, in theory, not restrict or heat up the economy.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock prices and debt loads among risks: FedWASHINGTON: The US central bank warned on Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump's trade wars. But major banks and insurance companies...
Source: thenewpaper - 🏆 7. / 63 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »