What recession? US economy confuses everybody. So does the head of the ECB. Irish tax machine continues to purr. Chris defends his pessimism on the state of the UK.
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Good Afternoon. Thanks for the podcasts .&articles
I see the Buttonwood column in the Economist this weeks picks up on a a similar point from the pod re the language used by Central Bankers
“Unless a central bank wants to control market interest rates directly, by buying enormous amounts of assets, policymakers must sometimes conduct what are known as open-mouth operations. What central bankers think about economic conditions and how they might affect rates are expressed in speeches and written guidance, which suggest optimism or pessimism on subjects from the economy’s long-term-growth potential to financial stability. Done well, this sort of communication can remove the need for rate changes.”
Good Afternoon. Thanks for the podcasts .&articles
I see the Buttonwood column in the Economist this weeks picks up on a a similar point from the pod re the language used by Central Bankers
“Unless a central bank wants to control market interest rates directly, by buying enormous amounts of assets, policymakers must sometimes conduct what are known as open-mouth operations. What central bankers think about economic conditions and how they might affect rates are expressed in speeches and written guidance, which suggest optimism or pessimism on subjects from the economy’s long-term-growth potential to financial stability. Done well, this sort of communication can remove the need for rate changes.”
Liam Fallon