Central Banks: Pushing on a String
April 8, 2016
Markets are increasingly testing the effectiveness of Central Banks (CBs), pushing them to over-deliver, but this strategy could become dangerous. Pioneer Investments' specialists recently gathered to discuss the role of CBs going forward and found that the risk of disappointing markets is rising, which could stir new waves of volatility. Without more support on the fiscal side, CBs could move from being part of the solution to part of the problem.