International monetary policy coordination seems inappropriate – Commerzbank EURUSD ECB Fed CentralBanks Banks
“If Lagarde supports the idea of coordinating monetary policies she demands nothing else but the Fed abandoning its inflation target so that she herself faces an easier task.”
“International monetary policy coordination is too obviously not a good deal for the Fed. The fact that in the mid-80s the Bank of Japan accepted such a deal was the original sin which in the end caused all the issues Japan had to face over the past 40 years. And last but not least: a move away from the Fed’s restrictive monetary policy does not sit easily with the political landscape in the US these days. Lagarde’s appeal has little prospect of succeeding.
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