Former Bank of Canada governor Mark Carney is joining an advisory board for the Pacific Investment Management Co. PIMCO chief executive Emmanuel Roman says the California-based investment manager sought Carney for its global advisory board because of his extensive experience as an economist and central banker. The board he joins is comprised of seven members […]
The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s two per cent target level. The change signifies that the Fed is prepared to tolerate a higher level of inflation than it generally has in […]