
Michael Biggs
Michael Biggs is a strategist at GAM.
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Manna from Helicopters
Manna from Helicopters
May 13, 2016 Michael Biggs explains why policymakers should not rule out permanently increasing the monetary base.
Michael Biggs is a strategist at GAM.
May 13, 2016 Michael Biggs explains why policymakers should not rule out permanently increasing the monetary base.
Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.