Money Talks: Breaking the bank? Part two

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 two, Simon Rabinovitch, our US economics editor, asks former president of the New York Federal Reserve William Dudley and former economic advisor to President Barack Obama Jason Furman why the Fed failed to act on rising prices. Plus, our finance editor Rachana Shanbhogue and economics editor Henry Curr debate what can be done now and what lessons the Fed’s failure can hold for other central banks around the world.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.