Money Talks: Breaking the bank? Part two
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 27 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 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.
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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. |
| 1:06.5 | The pandemic transformed the way we talk about the world. |
| 1:10.4 | Our everyday vocabulary became infected with lockdown, quarantine, zoom. |
| 1:17.0 | And for central bankers, from the start of 2021, one word started cropping up with alarming |
| 1:23.1 | regularity. |
| 1:27.9 | That was how they wanted to describe what was happening with prices. |
| 1:32.0 | Prices were rising as everyone was trying to buy a new car or new home exercise equipment |
| 1:37.2 | or anything that could make this new existence less awful, but supply chains were all gummed |
... |
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