
What the New Cold War Means for the Global Economy with Niall Ferguson
Merryn Talks Money
00:00
The Path of Least Resistance for Central Bankers
Central bankers always follow the path of least resistance, wherever that is at a given time. Jerome Powell's only kind of rational choice is to stay hawkish on rates. The tricky bit will be whenever people do start losing their jobs and Joe Biden starts saying, Oh, wait, I'm in it for an election here.
Transcript
Play full episode