central banks

‘Normalizing’ Britain’s Interest Rates by Raising Them May Slow Economy

February 12, 2018

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

July 5, 2016

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

February 4, 2014

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

June 20, 2013

Bill Black: Bank of America and other financial giants undeterred by Obama Admins weak oversight and enforcement of industry