FED highlights the need for new policies

FED's one official said that, the governments and the central bankers should implement new policies in their attempts to safeguard their economies from low-interest rates which could create worse recessions that may be hard to comprehend.

FED focuses on proper management

John Williams, San Francisco's FED President, said that the governments' spending schemes, the higher targets on inflation, education, research, and investment are issues that need careful management and a lot of concentration.

Without adjusting or changing the above topics, in terms of management, the policymakers will face considerable difficulties, Williams warned.

Moreover, Mr. John Williams emphasized that, the central banks do not have enough time for cutting rates as a mean of responding to an economic crisis where both inflation and natural rates will be at very low levels.

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