Whether Jay Powell at the Fed, Andrew Bailey at the Bank of England or Christine Lagarde at the ECB, the job is thankless, the outcome is uncertain and the criticism is cheap.
Britcoin could starve banks of capital to lend and devastate global financial systems. But it appeals to the governing elites, who are obsessed with technological innovation.
Inflation is likely to fall – the question is whether achieving this will require central banks to push their economies into recession.
While the last six months have seen the most rapid tightening of Western monetary policy in decades, falling interest rates may be on the horizon.
Central bankers were caught napping by inflation. There is no more time to waste: every weapon in the fiscal armoury must be deployed against this menace.
Traders should remember that creating paper gold out of thin air isn’t the same as having a lump of the stuff under the bed.
Investors, like central banks, will be hoping the age of low interest rates has further to run.
In this extended podcast Iain Martin speaks to Iain Dale about his new book The Presidents: 250 Years of American Political Leadership.
Defusing quantitative easing and weaning the economy off cheap money will be tough, says editor and publisher Iain Martin in his weekly newsletter for members of Reaction.
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