The slow pace of recovery in labour markets was of great concern, he admitted, but the inflation trade-offs from additional asset purchases are “getting less attractive”.
By pumping up money supply and asset prices, central Banks have also helped to slow the pace of the global economic contraction.
由于货币供应量增加、资产价格回升,央行的举措还减缓了全球经济的下滑速度。
3
With interest rates certain to rise further, and economic growth likely to slow, we find it difficult be especially positive about the prospects for US equities as an asset class.