MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Age of Populism Shakes Pedestal of Central Bank Independence
By artappraiser on Mon, 02/27/2017 - 2:11am |By Jeff Black, Craig Torres & Jeanette Rodrigues @ Bloomberg Markets, Feb. 27
As populism grips Europe, the U.S. and elsewhere, there are few targets as ripe for political assault as the institutions stuffed with unelected technocrats wielding the power to affect the economic fate of millions.
That means you, central bankers.
And the arrows have started to fly. In the U.S., the Federal Reserve’s freedom to set interest rates is already the target of House Republicans pushing for a rules-based policy. Across the Atlantic, the European Central Bank is under immense pressure to tighten policy at Germany’s behest. In India, a dramatic monetary reform has happened largely over the central bank’s head.
Monetary officials are being lambasted by politicians feeding on anti-establishment sentiment [.....]
URL:
https://www.bloomberg.com/news/articles/2017-02-27/age-of-populism-shakes-pedestal-of-central-bank-independence
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