While the American stock exchange, the world's beacon, reaches new highs, recording the best August performance in decades, the Federal Reserve updates its policy. The American central bank has a dual mandate: to keep inflation stable (around 2%) and to promote employment. In the past, the emphasis has always been on price control. However, the experience of the last decade shows that the successes in this area have been pale: average inflation, in spite of the extensive ordinary (rate reduction) and extraordinary (Quantitative Easing) monetary facilities [...]
AUGUST COMMENT 2020 - NEW STRATEGY FOR WORK HELPING THE FINANCIAL MARKETS