from King World News
There is no question that central planners face huge problems.
Huge Problems For Central Banks
May 13 (King World News) – Peter Boockvar: If there is one thing we’ve learned from monetary policy globally over the past 10+ years is that it’s easy to get into new programs and to cut rates. What we’ve also seen is that it’s really hard to reverse this. Here are a few examples:
* The Fed kept rates at zero for 7 years and never was able to get it back above 2.25-2.5% over a multi year time frame.