Two words that worry global central bankers the most
4 Articles
4 Articles
Throughout the world, what used to be clear lines delineating the responsibilities of those who deal with fiscal policy from those of those who deal with monetary policy are now challenged or re-launched, says Axios. If democratically elected governments succeed in undermining the independence of their central banks – pressuring them to maintain interest-referring to ...
Central bankers worry we’re entering “fiscal dominance” era
Central Bankers Worry About ‘Fiscal Dominance’ Era
“Central bankers’ great fear is that we’re entering a new era of ‘fiscal dominance,’ in which the money supply is being managed not to achieve low and stable inflation, but to help elected politicians avoid hard choices around taxes and spending,” Axios reports. “It comes as inflation has already been elevated in much of the […]
Two words that worry global central bankers the most
Around the world, what were once solid lines dividing the responsibilities of those in charge of fiscal policy and monetary policy are being challenged or redrawn. The big picture: If elected governments succeed in undermining their central banks' independence — pressuring them to suppress…
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