Canada’s central bank will probably promote from within to replace Tiff Macklem, who said yesterday he will quit as senior deputy governor seven months after being passed over for the top job, economists said.
It seems almost laughable for a country that can’t keep its government up and running to criticize other nations, but that’s what the U.S. Treasury did last week in its semiannual report on International Economic and Exchange Rate Policies.
A Troubled Asset Relief Program for euro members is the region’s best bet for fiscal recovery following a Greek election that “didn’t really fix anything,” according to High Frequency Economics founder Carl Weinberg.
Japanese Prime Minister Shinzo Abe’s plans for expanded monetary stimulus may be blocked by opposition-party resistance to his central-bank nominee, according to Carl Weinberg, founder of High Frequency Economics.
European policy makers must quickly take more coordinated fiscal and monetary action to head off major losses by banks amid the region’s sovereign-debt crisis, according to Carl Weinberg of High Frequency Economics.
Unemployment near 10 percent in Europe will weigh on workers’ wages, preventing a sustained surge in prices, said Carl Weinberg , chief economist and founder of High Frequency Economics Ltd. in Valhalla, New York.
Euro-area leaders should use the European Financial Stability Facility to buy Greek sovereign debt to prevent the crisis from infecting the banking system, according to Carl Weinberg of High Frequency Economics.