Money Talks: Breaking the bank? Part one
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 20 April 2022
⏱️ 38 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research EY Parthenon and real-world strategy now. |
| 0:33.8 | Money talks from the economist is sponsored by Invest Puerto Rico. |
| 0:38.7 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:43.7 | This U.S. territory is a fast-growing hub for innovators. |
| 0:47.6 | Puerto Rico boasts numerous tax credits, business incentives and world-class talent that |
| 0:53.1 | take your business to the next level. |
| 0:55.8 | Find out why at investpr.org. |
| 0:59.1 | Game changers, welcome home. |
| 1:04.1 | Now it's my great pleasure to introduce Mark Carney. |
| 1:19.5 | In 2015, Mark Carney, who at the time was running the Bank of England, gave a speech at Lloyd's |
| 1:25.3 | Bank. |
| 1:36.3 | I know this doesn't sound like a particularly thrilling evening. |
| 1:41.1 | The video shows a bunch of central bankers, insurance brokers in the city of London. |
| 1:45.8 | And the speech doesn't start out that inspiring. |
| 1:48.9 | Well, the classic problem in environmental economics is the tragedy of the comments. |
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