What the Fed can learn from the People's Bank of China

[Uncategorized] What the Fed can learn from the People’s Bank of China William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades." As Federal Reserve officials in Washington search for a way out of years of desperate rescue-stimulus moves, they might consider looking to a most unexpected place: Beijing. Suffice it to say, Fed Chairman Jerome Powell has a serious punch bowl dilemma on his hands. The reference here is the famous metaphor served up by Fed chief William McChesney Martin in the 1950s. (For the full article, please see…