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Prime Minister Shinzo Abe appears to have made good on his promise to pull Japan out of deflation and slow growth. A large part of the credit goes to the central bank, which stepped in with aggressive bond-buying. But equally crucial has been the role of middle-aged women, who are reentering the job market in droves.
The U.S. Federal Reserve is thinking hard about whether it needs to scale back estimates of the economy's long-term growth potential. That could confound expectations by some market observers that monetary policy will soon begin getting back to normal.
In March, the United States Federal Reserve kept its main interest rate on hold, while the European Central Bank cut its main interest rate to zero. The moves confirmed what investors already knew: the American and European economies still have plenty of weaknesses. But despite appearances, the Fed and the ECB are on track to end their expansionary monetary policie...
Professor Enrico Colombatto
Trying to predict how exchange rates will evolve during the rest of the year is a futile exercise. For different reasons, the world’s major central banks are all doing their best to weaken their own currencies. Summary <i>In the United States, the Federal Reserve is having second thoughts about resetting ...