Opinion
Who would want to be a central banker right now?
Central banks became enormously powerful after the global financial crisis. But now there are questions on whether they can do what is needed of them.
Howard DaviesChairman of NatWest GroupWho would want to be responsible for monetary policy in 2022? To judge from the fierce economic and political debates under way around the world, it is as though open season has been declared on central bank governors: They are being shot at from all sides.
US Federal Reserve chairman Jerome Powell and his colleagues are accused of failing to spot the early signs of an inflationary threat last year. As late as last northern autumn, they were arguing that price rises were “transitory”.
Project Syndicate
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