To the contrary, there is good reason to believe that information asymmetries between the central bank and financial markets may matter a great deal for economic welfare. A theoretical basis for this view is provided by the lively recent literature on adaptive learning and monetary policy.
Oil prices might either stay high or rise further to affect the world economy. In addition, the U.S. economy, which is expected to be the driving force behind the world economy, has been underpinned by a moderate recovery in the expenditure of highly indebted households while business spending has been slow to pick up.