central banks
‘Normalizing’ Britain’s Interest Rates by Raising Them May Slow Economy
The Bank of England announced plans to raise interest rates to combat inflation, but the actual effect will be to slow its economy and raise unemployment in light of a phantom threat, explains economist Mark Weisbrot
Why Bankers and Financiers Benefit from Low Inflation Policy
PERI’s Gerald Epstein explains why financial institutions like the IMF promote fiscal policy that reduces investment, economic growth, and employment
Tapering of Quantitative Easing Is Throwing Emerging Markets into Chaos – And Big Banks Are Getting Richer
Despite no real economic recovery, the Fed is winding down quantitative easing, throwing developing countries’ economies into chaos
Ex-Employees Say Bank of America Rewarded Fraudulent Foreclosures
Bill Black: Bank of America and other financial giants undeterred by Obama Admins weak oversight and enforcement of industry