The US Federal Reserve Board building. The global status of the US dollar gives the Fed more leeway in funding the US government but, for others, painful austerity measures could be hard to avoid. Photo: Reuters
The US Federal Reserve Board building. The global status of the US dollar gives the Fed more leeway in funding the US government but, for others, painful austerity measures could be hard to avoid. Photo: Reuters
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

How bailout debt is painting governments and central banks into a corner

  • Central banks, under pressure to buy assets and keep rates down to support government debt, have promised to keep it temporary to avoid the risks of inflation and capital flight. But unwinding the policy will prove very difficult

The US Federal Reserve Board building. The global status of the US dollar gives the Fed more leeway in funding the US government but, for others, painful austerity measures could be hard to avoid. Photo: Reuters
The US Federal Reserve Board building. The global status of the US dollar gives the Fed more leeway in funding the US government but, for others, painful austerity measures could be hard to avoid. Photo: Reuters
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