STAFF NEWS & ANALYSIS
Central Bankers Use Brexit to Argue for Increasing Financial Centralization
By Daily Bell Staff – July 01, 2016
Kiss Your Domestic Bias Goodbye, Central Bankers of the World … In a globalized world, managing domestic economic conditions requires having one eye focused abroad. For evidence, look no farther than the global monetary policy fallout from Britain’s June 23 vote to leave the European Union. – Bloomberg
Brexit reverberations continue to generate calls for more central banking coordination.
Just yesterday, we wrote about Mario Draghi’s demand for more centralization, HERE, and now we seen a Bloomberg article on the same subject.
A Federal Reserve official said U.S. monetary policy needs to take global events into account.
The examples all point in one direction: If you’re a central banker concerned with your own nation’s economy, you can’t afford to ignore the international