us federal reserve

07/04/2022. London, United Kingdom. Prime Minister Boris Johnson meets the President of Poland Andrzej Duda for a bilateral meeting in 10 Downing Street.

Inflation is about to blow up politics

For a quarter of a century central banks have run cheap money policies designed to avoid downturns and minimise short-term pain. They have run out of road and the political effects of higher inflation and higher rates are likely to be explosive.