Era of Easy Money’s End

An unparalleled era of easy money came to a screeching halt in 2022, as central banks shifted gears to subdue inflation: The US Federal Reserve raised its benchmark rate from near zero to 4% in a mere six months. 

That speed led to worries that something in the financial system would break

Bloomberg 26 november 2022 Updated on 19 mars 2023

It’s close to impossible to apply brakes to the economy without breaking something

 even if investors and policymakers never tire of fantasies about soft landings, immaculate deleveragings or Goldilocks scenarios.



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