Magazine
Latest Issue

Bye bye bonds

Is the mechanism by which governments borrow at risk of seizing up?

By Jay Elwes  

Bernanke: the sputtering recovery means interest rates will remain low for “an extended period”

Last week, Ben Bernanke, the chairman of the Federal Reserve Bank, said that the Fed would slow down, or in his words “taper,” its Quantitative Easing operations. By this, he meant that the Fed would pump less money into the US economy—and the possibility of a decrease in this supply of money, referred to by some economists as the only show in town, led to a…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect