With the energy shock now a memory, central bankers require more flexible objectives
US Federal Reserve Chair Jerome Powell acknowledged in June that “with the benefit of hindsight, clearly we did” underestimate inflation.
Policy makers need to acknowledge their past mistakes, as well as detail the trade-off between growth and inflation
The FSB, a body of regulators, treasury officials and central bankers from the Group of 20 economies (G20), has so far limited itself to monitoring the crypto sector, saying it did not pose a systemic risk.
Expect the equity markets to stay volatile and range bound. This market is for swing traders to make money
We are all agog to know whether Jayanth Varma’s question will be answered at Jackson Hole
Each of the Jackson Hole symposiums since 2008 has led to more questions than answers
"There is simply not enough room for central banks to cut interest rates in response to an economic downturn when both natural rates and inflation are very low," Williams said in the latest issue of his regional Fed bank's Economic Letter.
In an interview to CNBC-TV18, Rakesh Mohan, former IMF Executive Director says a big job lies ahead for market regulators and central bankers to allay investor fear by assuring them of necessary liquidity supply when needed,
Marc Faber, the editor and publisher of the Gloom, Doom & Boom Report (earning him the moniker "Dr. Doom"), added that he questioned central bank policymakers and the quantitative easing (QE) programs they launched in the US, euro zone, UK and Japan.
Central bankers in the US and Europe are in high gear in the coming week, with the European Central Bank expected to expand its easing program and cut its already negative deposit rate.
Despite near-zero rates and USD 7 trillion of monetary stimulus unleashed by central banks in major industrial economies, investment and growth is stuck below pre-crisis levels and tepid demand is hurting developing economies by depressing prices of their commodity exports.
CNBC's Steve Liesman who is one of the very few journalists allowed to attend the symposium (Jackson Hole) is of the view that Fed is likely to hike rates in December than September.
According to James Glassman, Senior Economist, JPMorgan Chase Bank the best thing Central Bankers can to do in current situation is stay true to their own view of what is going on in the economy and not react to market volatility.
The US employment situation report is expected to show another healthy rise in employment in December, with non-farm payrolls up by 193,000, slightly less than the 203,000 recorded in November. The unemployment rate is expected to remain unchanged, at 7.0 percent.
Russia, the first big emerging nation to host the annual presidency of the G20, finds itself in an awkward political spot following the flight of former US spy agency contractor Edward Snowden to Moscow.
The United States told Japan it would be watching for any sign it was manipulating its currency lower but Tokyo said it met no resistance to its policies at a meeting of Group of Seven finance ministers which will conclude on Saturday.
Bruno Verstrate, CEO, Lakefield Partners, on the line with CNBC-TV18 from Zurich, says the ECB still has leeway to be very accommodative on the monetary policy, especially after the Italian elections.
The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone.
Both sides of the Atlantic are worrying asset markets. The US is struggling to meet the exacting fiscal deficit levels that automatically come into play in 2013 through tax hikes and spending cuts, while Europe is still struggling to give Greece its next tranche of bailout.
The recent rally in gold, which touched a near six-month high this week, is unlikely to last, say commodity analysts, who forecast prices could fall 10% over the next month if central bank actions disappoint.
Some of the world's most prominent central bankers may have to hope the pen is as mighty as the sword.
Mar Gudmundsson, the central bank governor of the Bank of Iceland, gives his views on what central bankers should concentrate on. Check out his comments.
The dollar got as expensive as Rs 50.40 in the early morning trade. The market feels RBI might have sold some dollars. Brijen Puri, head of foreign exchange trading at JPMorgan feels the rupee will continue to underperform into the next year given poor fundamentals.
Both silver and gold set new records on the bullion market today on hectic buying by stockists for the upcoming marriage season amid firm global cues.