Bloomberg (October 31)
“Japan’s central bank insists it still wants to cap long-term market rates,” but their “actions suggest officials are losing the stomach for it.” Kazuo Ueda is dismantling “the cumbersome legacy of his predecessor… more rapidly” than expected “when he took the helm of the Bank of Japan.” Nevertheless, BOJ officials are insisting that the “policy is only being tweaked.” This threatens “the credibility of its communications” as “key parts of the BOJ’s entire approach to setting borrowing costs are being removed or watered down.”
Tags: BOJ, Cap, Central bank, Credibility, Cumbersome, Japan, Legacy, Long term, Market rates, Officials, Predecessor, Threatens, Ueda
CNN (October 19)
Even with “Trussonomics… tossed out and a total market meltdown avoided, the near-term prospects for Britain’s economy look increasingly wobbly. A recession stretching through the winter looms. Policymakers were facing tough choices even before Truss unleashed financial market chaos. Now, with the government’s credibility tarnished, they’re in an even worse predicament.”
Tags: Avoided, Britain, Chaos. Government, Credibility, Economy, Market, Meltdown, Prospects, Recession, Tarnished, Tossed out, Trussonomics, Wobbly
Bloomberg (June 15)
The Federal Reserve “must do more than raise rates by 75 points.” It needs to “regain control of the inflation narrative to avoid inflicting more economic damage and to restore its credibility.”
Tags: 75 points, Credibility, Economic damage, Fed, Inflation narrative, Raise, Rates, Regain control, Restore
Wall Street Journal (March 31)
“China’s support for Russia is the most serious but far from only reason Europe is losing patience. Beijing has launched an economic war on EU member Lithuania over its upgraded ties to Taiwan. The Chinese Communist Party’s human-rights record remains abysmal. Bullying behavior during the Covid-19 pandemic and stonewalling of the origins investigation hurt China’s credibility. The question is what Europe will do beyond condemnations, token sanctions and the occasional lawsuit.”
Tags: CCP, China, Condemnations, COVID-19, Credibility, Economic war, EU, Europe, Human rights, Lawsuits, Lithuania, Russia, Stonewalling, Taiwan, Token sanctions
Washington Post (May 30)
“Sudden policy shifts are amplifying an air of unpredictability that the president has said gives him an edge at the bargaining table, even as U.S. trading partners complain that it erodes American credibility. Adding to the confusion are divisions among Trump’s trade advisers and complaints from members of Congress, who fear that the president may be stumbling into a costly multi-front trade war.”
Tags: Advisers, Bargaining, Complaints, Confusion, Congress, Credibility, Divisions, Edge, Policy shifts, Stumbling, Trade war, Trading partners, Trump, Unpredictability
LA Times (May 10)
“The shocking dismissal of FBI Director James B. Comey by a president whose campaign he was investigating can’t be undone. The immediate priority is to safeguard the integrity of that investigation and its credibility in the eyes of the public and to preserve the evidence that has been amassed.”
Tags: Comey, Credibility, Dismissal, Evidence, FBI, Integrity, Investigation, Safeguard, Shocking
Washington Post (March 15)
“The Obama administration is moving toward what could be a dangerous showdown with China over the South China Sea…. What makes this dispute so explosive is that it pits an American president who needs to affirm his credibility as a strong leader against a risk-taking Chinese president who has shown disregard for U.S. military power and who faces potent political enemies at home.”
Tags: China, Credibility, Dangerous, Disregard, Military power, Obama, Risk-taking, Showdown, South China Sea, Strong leader, U.S.
Wall Street Journal (August 20)
“Mr. Modi’s plans to unleash market forces will lift millions of Indians out of poverty, but he also has ideas about how government can better meet the immediate needs of the poor.” Though some of his plans “may sound oddly simple to developed-world ears” (e.g. access to toilets and bank accounts), “the Prime Minister’s humble background gives him an understanding of what the poor need to find their own path to prosperity and the credibility to build a new consensus for those policies.”
Tags: Background, Bank accounts, Consensus, Credibility, Government, Humble, India, Modi, Policies, Poverty, Prosperity, Toilets
