Goldman: Global Coordinated Easing Won't Last, and the Fed Will Need to Hike Rates Four Times in 2016
Inflationary pressures will keep the Fed from being the world's central bank.
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Most of the world needs accommodative monetary policy. The U.S. increasingly doesn't.
That's a problem for central banks looking to maintain financial stability during a time in which disinflationary forces prevail in most parts of the globe, and it's a particular pain for the Federal Reserve, whose recent decision to stand pat on interest rates, combined with dovish rhetoric and a subdued outlook, placed it firmly back in position as the central bank for the world.