Carstens, Jordan, Weber: respect the boundaries of fiscal and monetary policy
Axel Weber says huge US deficit could pose problems for global financial stability
Senior current and former central bank officials warned this week that, while “massive” interventions by central banks and governments were necessary to fight the Covid-19 crisis, the boundaries of fiscal and monetary policy must be safeguarded.
Speaking at an event in Zurich on May 27, Bank for International Settlements general manager Agustín Carstens, Swiss National Bank chairman Thomas Jordan and UBS chairman Axel Weber all warned there must be limits to central bank and government co
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