Fed’s Bullard blasts ‘fiscalisation’ of ECB


Central banks, including the European Central bank (ECB), are suffering from a "creeping politicisation", causing many to adopt fiscal-style policies, which harms their independence and ultimately their effectiveness, according to James Bullard, the president of the Federal Reserve Bank of St Louis.

During remarks at a panel discussion on January 4, Bullard said the ECB's outright monetary transactions (OMT) programme was a prime example of such politicisation, as it appeared to be a method of g

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: