Investors may continue buying gold amid concerns about the economic recovery and the prospects for inflation, said William White , chairman of the economic development and review committee at the Organization for Economic Cooperation and Development.
Portuguese Prime Minister Jose Socrates ’s resignation “complicates” the process of securing any potential international rescue package, said William White of the Organization for Economic Cooperation and Development.
Raghuram Rajan accurately warned central bankers in 2005 of a potential financial crisis if banks lost confidence in each other. Now the International Monetary Fund’s former chief economist says the Federal Reserve should consider raising rates, even as almost 10 percent of the U.S. workforce remains unemployed.
Bank of Canada Governor Mark Carney may bring new thinking to the U.K. central bank and refresh its ability to tackle recessions and potential financial crises, said William White of the Organization for Economic Cooperation and Development.