“With the world barely through the worst of an unprecedented crisis, central bankers are already wondering if the next one is around the corner,” Bloomberg reports.
“From Washington to Frankfurt, what began months ago as a murmur of concern has morphed into a chorus as officials ask if a risk-taking binge across multiple asset markets might presage a destabilizing rout that could derail the global recovery.”
Financial Times: “The Federal Reserve may need to recalibrate its policy toolkit, analysts say, as a glut of cash sloshing through the US financial system has made it more difficult for the central bank to maintain tight control of its policy rate.”
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