Central banks' incredible lightness of easing

Five years into the financial crisis, the exit for central banks from their stimulus efforts is nowhere in sight and even may be getting further away

"Lower for longer" is the market mantra on interest rates, thanks to central banks' extraordinary responses to the global financial crisis. But from the perspective of central-bank balance sheets, the corollary is "larger for longer".

Five years into the crisis, the exit for central banks from their stimulus efforts is nowhere in sight and even may be getting further away.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached