Bankers
in sentence
1054 examples of Bankers in a sentence
Indeed, except for deflation-ridden Japan, central
bankers
could meet just about anywhere and see high and rising inflation.
Many central
bankers
and economists argue that today’s rising global inflation is just a temporary aberration, driven by soaring prices for food, fuel, and other commodities.
But if central
bankers
think that today’s inflation is simply the product of short-term resource scarcities as opposed to lax monetary policy, they are mistaken.
It is now widely accepted that it is important to reward
bankers
for long-term results.
Rewarding
bankers
for short-term results, even when those results are subsequently reversed, produces incentives to take excessive risks.
They are bankers, lawyers, businessmen, and railroad builders, often representing the interests of powerful figures in the big cities on the East Coast.
In many ways, Trump has managed to combine the habits of a desperado with the interests of the men dressed in black suits, the corporate leaders, the bankers, and their political representatives in Washington.
To their credit, leading central
bankers
have stated repeatedly that their policies are only “buying time” for governments to do the right thing.
Not wedded to central bankers’ obsolete doctrines, he has made a commitment to reverse Japan’s chronic deflation, setting an inflation target of 2%.
The central
bankers
justify their concern about low inflation by arguing that a negative demand shock could shift their economies into a period of prolonged deflation, in which the overall price level declines year after year.
Why, then, are so many central
bankers
so worried about low inflation rates?
And yet a third explanation is that central
bankers
want to keep interest rates low in order to reduce the budget cost of large government debts.
Europe’s central
bankers
fear that their political masters will order them to loosen monetary policy, that the structural reforms needed to free up aggregate supply will not be forthcoming, and that the result will be a return to the inflation of the 1970’s.
They worry that even after undertaking structural reforms to reduce the attractiveness of unemployment benefits and increase the ability of workers to move to jobs and of firms to move to workers, central
bankers
will continue to insist on tight money.
Coupled with all this is northern European discontent with the central bankers, specifically with the ECB and the euro.
But if
bankers
know that they will be bailed out in bad times, they have an incentive to make risky loans.
As Simon Johnson suggests in his book 13 Bankers, we should break up the mega-banks into smaller parts that can comfortably be allowed to fail.
In both cases, the main argument for not removing the debt overhang came from bankers, who claimed that it would create havoc in financial markets for two reasons.
In the case of Greece, international
bankers
argued long and hard that debt restructuring would generate contagion far and wide within the eurozone – and perhaps more broadly.
Not surprisingly, leading
bankers
lobbied against debt restructuring, both behind closed doors and publicly.
Even now, many of the losses that
bankers
should have faced are being shouldered by the public sector, including through various forms of direct support and the extraordinary and risky actions of the European Central Bank.
The unemployed comprise not only construction workers, but also ancillary workers, such as real-estate brokers and bankers, as well as all those who work on houses, such as plumbers and electricians.
Of course, if there were no banks, there would be no central banks, either; but cognitive dissonance has seldom shaken central bankers’ confidence in their models.
But relying on the wrong model prevents central
bankers
from contributing what they can – and may even make a bad situation worse.
Such assurances from central
bankers
cannot always be trusted, but Fed Chair Janet Yellen’s promises to move more gradually than in the past are credible, because the Fed is genuinely determined to push inflation higher and to ensure that it never again falls much below 2%.
That is no surprise, as European central
bankers
are the most conventional in their thinking and have been the most obsessed with inflation.
The Meaning of BrexitNEW YORK – The Brexit vote was a triple protest: against surging immigration, City of London bankers, and European Union institutions, in that order.
Working-class “Leave” voters reasoned that most or all of the income losses would in any event be borne by the rich, and especially the despised
bankers
of the City of London.
This is not because they wish to play that role; rather, it is because higher asset prices are essential if central
bankers
stand any chance of delivering the desired economic outcomes of higher growth and stronger job creation.
Central
bankers
have of course been known to help incumbents before elections, by allowing inflation to drift up and keep employment booming.
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