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Investment Myth #1: Central Banks Control Interest Rates

· Finance Monet

The “alpha dog” of central banking, Fed Chair Janet Yellen, emphasised the uncertainty regarding recent inflation within her prepared statement ahead of her semi-annual testimony to Congress this week, whilst the Bank of England Governor, Charmer Carney, is looking for any reason for not hiking the UK base rate despite the lowest unemployment level in more than four decades and CPI inflation now well above the bank’s 2%pa target rate.

Fact is they are not only clueless as to why wages and economic growth continue and to receive a reward please follow the LINK

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