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Who controls interest rates is political.
It generally has one way to do this: it controls interest rates.
"It was a very nuanced and sophisticated criticism – who controls interest rates in Europe controls the politics of Europe, and that money can not be depoliticised".
Oddly enough, the President and his aides are stressing at this summit conference that it is the Federal Reserve that controls interest rates, not the Administration.
She acknowledged that if mortgage rates increased too much it would cause a pullback, but said she believed "whoever it is" that controls interest rates would be cautious.
IT MAY be difficult to believe, but there was a time when the chairman of America's Federal Reserve Board was not the most listened-to person in Washington and in Wall Street; when markets were not moved by every opaque statement made by the man who controls interest rates.
Similar(50)
Owns controlling interest in bank.
Bank managers cannot control interest rates.
Mr. Wissman bought a controlling interest in IMG in 2003.
With a 60percentt controlling interest, Taubman took the company private.
"Monetary Policy after the Crash: Controlling Interest," The Economist, September 21 , 2013
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com