The futility of central bank policy

Source: Cobden Centre
by Alasdair Macleod

“It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate. There is no doubt that yesterday’s announcement that the US CPI rose by 6.2%, compared with the longstanding 2% target, came as a wake-up call to markets. Along with the other major central banks, the Fed’s reaction is likely to be to double down on interest rate suppression to keep bond yields low and stock valuations intact. The alternative will lead to a major financial, economic and currency shock sooner rather than later.” (11/15/21)

http://www.cobdencentre.org/2021/11/the-futility-of-central-bank-policy/