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JPMorgan’s Frenkel says central banks rescued the global economy from ‘dysfunctional’ governments





  • Central bankers rescued the world after the financial crisis while governments were dysfunctional, said Jacob Frenkel, chairman of JP Morgan International.
  • Central banks became the “only game in town” when governments didn’t show leadership, he said.
  • Fenkel and his fellow panelists called for governments to be bold, innovative and reclaim their leadership role alongside the central banks.

LONDON — Central bankers rescued the world in the wake of the 2008 financial crisis when governments were dysfunctional, Jacob Frenkel, chairman of JPMorgan International, said.

Frenkel criticised the ineffectiveness of governments since the financial crisis of 2008 which forced central banks to take their place read more >>>

Source:: BusinessInsider.Com

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