World’s central bankers pursue sometimes conflicting policies as economic prospects diverge + MORE Aug 22nd

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Students who enter college also begin a lifelong journey with credit and debit card use. Here is how to do it safely

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Credit Card Selector Tool

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WASHINGTON – The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren’t exactly in sync. Many are taking steps that clash with the policies of others.
The Federal Reserve is preparing to reduce its economic support. By contrast, the European Central Bank is considering more stimulus. So is the Bank of Japan. The Bank of England seems to be moving toward raising interest rates.
It isn’t just the biggest economies whose central banks are pulling in different directions.
This year, central banks in Mexico, Sweden and South Korea, among others, have lowered rates. Others — in Russia and South Africa, for example — have raised them.
It’s a long way from the co-ordinated efforts that major central banks made after the 2008 financial crisis erupted and economies began to stall. As governments slashed taxes and spent stimulus money, central banks shrank rates to unclog credit and avert a 1930s-style depression.
Today’s diverging central bank strategies aren’t without risk…

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As people get older, even when they are intellectually still very sharp, it seems to become more difficult for them to determine who to trust and when

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