Sweden Central Bankers Fight Over Policy Basics as Jobs Lost

From bloomberg.com

A split at Sweden’s central bank over what poses the biggest threat to the largest Nordic economy is growing deeper. Deputy Governor Barbro Wickman-Parak said yesterday that more rate cuts would have limited effect, arguing domestic policy can’t help when economic pain comes via exports. Deputy Governor Lars E.O. Svensson, who taught economics at Princeton University alongside Federal Reserve Chairman Ben S. Bernanke in 2001 and 2002, said in a separate interview that his bank’s failure to deliver more rate cuts is destroying Swedish jobs. The rift follows comments by Governor Stefan Ingves last month signaling ... (full story)