While Fed chairman Jerome Powell pledged to conquer inflation, and effectively conceded a recession may be the price for doing so, the process of getting to that point was messy.
BEN Bernanke, who led the Federal Reserve (Fed) during the global financial crisis, observed that the art of setting monetary policy was 98% talk and 2% action.
A significant rebalancing of that equation would be welcome after communications upheavals this week roiled markets and seemed to reveal a high degree of anxiety among central bankers.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
