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Economics

We've got the power and firepower (still)

Despite deteriorating market confidence and doubts over central banks' firepower and ability to influence market moods and outcomes, the events of the past week showed that CBs are anything but powerless.

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Read more: Fed,  US Federal Reserve,  FOMC,  People's Bank of China,  Alan Oster,  Bank of England,  Bank of Japan,  European Central Bank,  Euro Stoxx,  Mario Draghi,  NZX,  Reserve Bank of Australia,  Reserve Bank of New Zealand,  S&P,  Swiss National Bank