Yankee-European Financial Elites Torn Over Central Bank Policies

It has been said that one of the signs of revolutionary times is when the ruling class is divided. This article describes these fault lines in the two central banks in the world: the European Central Bank and the US Federal Reserve. The status quo of low interest rates is being upheld, not only in Yankeedom but also in the European Central Bank by Christine Lagarde. On the other hand, there is opposition on both sides of the Atlantic. These
economists point to high inflation as it affects house prices and the commodities market, especially oil.
Read in WSWS

 

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