Money talks: Banking on independence
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 9 April 2019
⏱️ 22 minutes
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| 0:00.0 | Imagine you in a nice comfy seat with your hands behind your head taking in the views instead of taking on the road maybe even taking a nap. That's the bliss of getting where you need to go |
| 0:16.1 | without worrying about driving. Book your train journey via avantiawestcoast.co.ukk.ukkow.co. and we'll take you there. |
| 0:24.0 | Avantee west coast, feel good travel. Hello I'm Simon Long, International Editor at The Economist and this is Money Talks on Economist Radio. |
| 0:45.0 | Coming up on today's show, Airbus' new boss takes over as the company looks set to fly high. |
| 0:51.0 | Never before have they ever sold so many planes. |
| 0:56.5 | And the global remittance market. |
| 0:58.6 | Just how much can start-ups disrupt the industry? |
| 1:01.7 | So you had a lot of new startups launching at the beginning of the decade, but the market has |
| 1:06.6 | concentrated since. |
| 1:07.8 | But first, around the world the independence of Central Banks is looking fragile. |
| 1:17.0 | Central Banker's job of setting monetary policy free from political concerns is at risk. And the role of Central Banks looks ever |
| 1:26.0 | more important as the IMF has just downgraded its forecast for global growth with the |
| 1:31.8 | euro area expected to see a notable |
| 1:34.4 | deceleration. In America President Donald Trump has announced his intention |
| 1:39.6 | to nominate two of his ardent political supporters to the Board of the Federal Reserve. |
| 1:45.1 | One is the former boss of Godfather's Pizza, Hermann Kane, who, like Mr Trump, has been a vocal |
| 1:51.0 | critic of the Fed. |
| 1:53.0 | Our economics columnist Ryan Avant considers the reasons behind Hermann Kane's nomination. |
| 2:00.0 | To the extent that Herman Kane has talked about monetary policy in the past, he hasn't necessarily |
| 2:05.2 | come across as a person with the kind of beliefs that Trump would like. |
| 2:08.6 | Trump gets angry when the Fed does things that are perceived to be slowing economic growth. |
| 2:13.2 | You know, that makes sense. |
... |
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