By Emily Barrett
A DOW JONES NEWSWIRES COLUMN
NEW YORK (Dow Jones)–Will the exit from this crisis lead to another pileup on the troubled intersection of Wall and Main streets?
Each major country emerging from crisis is focused on an evolving dynamic between the real economy and financial markets as they make uneven progress toward recovery. No one wants to botch the recovery from the deepest recession in 80 years, so authorities will want to tread carefully to avoid inflicting harm from either the monetary or fiscal fronts. Given the western world’s reliance on credit to grease the wheels of the economy, support for the consumer and home loan markets may have to continue even as the major central banks, including the Federal Reserve, start to raise interest rates.