What Do You Think About Global Central Banks Giving Up Their Credential?

Central banks are giving up their key tool that they created after crisis in two thousand an d eight, the forward guidance. They're not going to tell you what's going on any more. So now the markets are basically flying blind,. But they essentially gave up their credibility with wall street. To me, that shows key desperation. Because they don't have a whole lot of tools to use. And then on top of that, ther biggest tool, interest rates, have anchored at zero.

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