Central banks

IT'S NOT WORKING

When the global financial system had a meltdown in 2008, central banks cut interest rates to rock-bottom levels. The moves likely saved the world from a depression. But after eight years of crisis-level rates, the economy is barely staying afloat. Now, as many consumers rack up big debts while others squirrel away savings, it's time to rethink policies that are proving ineffective at reviving growth