Economics
Central Bankers Are Sick of Rescuing the World Economy Alone
- Monetary policy around the world near the limits of its power
- Group of Seven meetings take place in France this week
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Global central bankers are again in the driving seat when it comes to propping up the world economy, but many are demanding governments join them in the rescue effort.
Amid slowing global growth, the Federal Reserve, European Central Bank and perhaps even the Bank of Japan are all set to ease monetary policy in coming months. But with less room to act than in the past, their leaders are telling politicians they will need to assist if a downturn takes hold.