JACKSON HOLE, WYOMING – The world’s central banks have spent the past several years propping up the global economy and rescuing the world from crisis. Now, argues the head of the International Monetary Fund, it is time to grapple with the consequences.
The Federal Reserve, European Central Bank, Bank of Japan and other central banks have used a range of tools to try to spur growth and fight crises in their nations; the Fed, for example, is on track to soon own about $4 trillion in assets, up from the $800 billion it held before the crisis.
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