"Have Central Bankers Become Helicopter Parents?"
In this month’s Municipal Strategy Report we discuss the growing central bank focus on 'financial market stability,' and whether central banks may be moving off the range, over-immersing themselves in concerns better left to market forces. Central banks that are over-engaged in trying to engineer market outcomes may be as dangerous to the economy as the very calamities they are trying to protect us from. Have central bankers become “helicopter parents"?
In addition we examine:
- Regional economic trends and the lack of strong region-wide economic performance
- Auto activity and possible fiscal good news for a few key auto producing states
- Spreads on Illinois and Chicago bonds in the wake of the Illinois Budget Deal and Chicago Pension Deal