The Power of Central Banks

Ian Martin: Central banks are in a much better health and better position than they were in 2008. But that may be the case, but you're also vulnerable to all sorts of shocks," he says. Paul Volk had definitely for that pivot in the 1970s, 1980s in US policy, where inflation was out of control,. He ended up being removed by Ronald Reagan, but still he is a legend of central banks.