Global central bankers are back at it again!
With Mario Draghi at the ECB talking about revisiting their policy in March – a code phrase for potentially increasing their current quantitative easing policy – along with Japan’s central bankers actually beginning to charge their banks 0.1% on excess reserves, it appears global central banking is taking its next step on the path to total manipulation of their respective economies.
Now, the Fed truly stands alone. Will the Fed pause and reverse itself if markets continue to waiver? Will such a reversal even matter? The burning question is whether or not monetary policy had lost its grip on markets.
