The US Federal Reserve pledged last week to continue its historically aggressive policy stance of near-zero interest rates until the US economy is back on its feet. Photo: Reuters The US Federal Reserve pledged last week to continue its historically aggressive policy stance of near-zero interest rates until the US economy is back on its feet. Photo: Reuters
The US Federal Reserve pledged last week to continue its historically aggressive policy stance of near-zero interest rates until the US economy is back on its feet. Photo: Reuters
Richard Harris
Opinion

Opinion

The View by Richard Harris

Why printing money to avert a recession is not smart economics

  • The negative prices and negative bond yields that dominate headlines today reflect market distortions that in the end will inflict an economic pain worse than the one central bankers are seeking to avoid with their zero-rate policy and asset buying

The US Federal Reserve pledged last week to continue its historically aggressive policy stance of near-zero interest rates until the US economy is back on its feet. Photo: Reuters The US Federal Reserve pledged last week to continue its historically aggressive policy stance of near-zero interest rates until the US economy is back on its feet. Photo: Reuters
The US Federal Reserve pledged last week to continue its historically aggressive policy stance of near-zero interest rates until the US economy is back on its feet. Photo: Reuters
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