A new angle worth passing along from James Sweeney & crew at Credit Suisse — start here:
In our view, policymakers’ toolkits can still work. Even where monetary policy seems most ineffective, higher inflation is achievable through radical measures such as fiscal/monetary cooperation. Read more
It’s Carney live. We know George Osborne is
frustrated excited. Mark Carney, the next Governor of the Bank of England and the man Osborne once called “quite simply the best, most experienced and most qualified person in the world to do the job”, is in front of the Treasury select committee.
Here’s the live feed: