| Because of this error, the Fed is about to discover that its entire effort to reflate the economy through low rates has failed. |
| In order to reflate its economy, Britain abandoned the gold standard in September 1931 and sterling was devalued. |
| Also, the return to a zero interest rate policy by the Bank of Japan signals its intent to reflate the economy. |
| That would bite just as Abenomics, a popular three-part plan to reflate the economy, designed by Shinzo Abe, the prime minister, is taking off. |
| The big risk for bonds is that the Fed's efforts to reflate the economy will prove all too successful, leading to an eventual surge in inflation. |
| A whole battery of measures was taken at once to enhance social equality and reflate the economy by increasing consumption. |
