On Central Banks In Wartime

The economic trajectories that global central bankers had thought their countries were on before the Iran war started have been upended by disrupted supply chains, altered trade relationships, spiking inflation, and impaired growth prospects. When the war and the discombobulation it’s causing will end is anyone’s guess. William describes the decisions facing the Fed and its counterparts in Europe, Japan, England, and China as they attempt to steer their economies in the dark. … Also: Toby discusses the yen’s weakness, which displeases President Trump and complicates the BOJ’s path forward.