Author: David Schwartz J.D. CPA
Why, after throwing everything bar the kitchen sink at the economy over the past few years, has the economy started to grow only now? Even more importantly, will the recovery last? Having seen a few false dawns over recent years, has the recovery really taken hold this time? And what does all this mean for monetary policy?
Last month in an address before the Confederation of British Industry (CBI) East of England Midwinter Lunch, Spencer Dale, Executive Director for Monetary Policy and Chief Economist at the Bank of England, touched on three questions about the economic recovery that we would all like to have answered: "why now, will it last, and what next for policy?"