Los Angeles Business Journal

Central Banks Can’t Save the World

Friday, August 3, 2012

Three central bank meetings this week made very good cases for additional stimulus measures, though they failed to specify what they would be. Bloomberg News reports that the unfortunate reality is that – unlike during the financial crisis of 2008 and 2009 –the Federal Reserve, Bank of England and the European Central Bank can’t be the saviors this time around for a struggling global economy.