Thirty years ago, rich-world central banks started winning the fight against inflation. More recently, they have begun to fight new battles, including against climate change or inequality. As the old enemy of inflation returns, in this two-part series, host Soumaya Keynes asks if central banks are fighting on too many fronts.
In part one, Rachana Shanbhogue, our finance editor and author of a new Special Report on central banks, explains why the remit of central banks has expanded. Plus, former Federal Reserve Governor Sarah Bloom Raskin gives us the inside story on her decision to withdraw her contentious nomination to run the central bank’s regulatory efforts, after pushback from Republican Senators over her views on climate change and monetary policy.
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