Rates Quotes
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It will be a good thing if they pull this off. It was a calculated move and they were worried about what they did in 2000 when they prematurely raised rates.
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The big question is: When will the term structure of interest rates change? That's the question to be worried about.
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The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.
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What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.
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When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.
