Whither Central Banks as Global Bond Yields Tumble?

The transcript discusses the implications of negative interest rates and the challenges faced by central banks in managing economic crises. It highlights the ineffectiveness of current monetary policies in boosting inflation and economic growth, particularly in the Eurozone and Japan. The conversation also touches on the reluctance of investors to engage in riskier securities and the potential role of helicopter money as a stimulus measure, emphasizing the need for policy coordination between the Fed and Congress.

Discuss the relationship between inflation rates and central bank actions as mentioned in the text.

What factors contribute to the reluctance of investors to engage with riskier securities?