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Opinion: Giving the stock market more rocket fuel will work for only so long, El-Erian says
Opinion: Giving the stock market more rocket fuel will work for only so long, El-Erian says
We can’t count on the Fed or the ECB to keep us out of trouble in 2020
Central banks were able to keep the party going in 2019
SEATTLE (Project Syndicate) — After a year that involved one of the biggest U-turns in recent monetary-policy history, central banks are now hoping for peace and quiet in 2020. This is particularly true for the European Central Bank and the U.S. Federal Reserve, the world’s two most powerful monetary institution