Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.
Mired
in a world of low growth, low inflation and low interest rates,
officials from the Federal Reserve, Bank of Japan and the European
Central Bank said their efforts to bolster the economy through monetary
policy may falter unless elected leaders stepped forward with bold
measures. These would range from immigration reform in Japan to
structural changes to boost productivity and growth in the U.S. and
Europe.
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