Powered by

Central bankers lack the weapons to fight the next big recession

Jan 17, 2019 - CNN

NEW YORK (CNN Business) -- If there's a serious recession on the horizon, the world's central banks may have trouble fighting it.

Central banks took dramatic and unorthodox steps to prevent economic collapse during the financial crisis. They slashed interest rates, and in the years that followed spent trillions on bonds as part of an effort to spur growth.

One decade later, global central banks are only starting to reverse those moves.

Interest rates in developed economies r...