3min chapter

The Loonie Hour cover image

The Wealth Effect Created One Third Of Inflation

The Loonie Hour

CHAPTER

Is the ECB Really the Most Important Central Bank in the World?

I think it is very, very dangerous game when unelected technocrats are effectively pushing what should be in the purview of a legislative body. The ECB remains absolutely committed to the cause, led by convicted felon Christine Lagarde. So I thought it was a very important speech by the Fed and Powell. He basically reset expectations again he said you know what, we're going to become a serious central bank.

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