Global political backlash spreads against central banks

Financial Times/Chris Giles and Sam Fleming/12-9-2018

“The technocratic tribe of central bankers is facing political scrutiny of an intensity not seen in decades. President Donald Trump ramped up his war of words with the US Federal Reserve, accusing it of having ‘gone crazy’ by raising interest rates and expressing public regrets over his choice of Jay Powell as its chairman.”

USAGOLD note:  The article goes on to point out that the U.S. central bank is not the only one facing political and public scrutiny, but one among many in the era of rising populism.  What they face now is mild compared to what is in store if the global economy takes a turn for the worse as some are predicting.

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