Eurodollar University You Won’t Believe What Global Central Banks Just Did
Dec 19, 2025
Central bankers are clinging to tariff inflation fears despite declining price pressures and recent data showing an economic slowdown. The U.S. CPI report surprises with lower-than-expected numbers, hinting at a weakening demand and rising job losses. Meanwhile, both the ECB and Bank of England seem at odds with their claims as unemployment rises. The discussion explores the tension between central bank narratives and reality, bringing critical insights into the current economic landscape.
AI Snips
Chapters
Transcript
Episode notes
Central Banks' Inflation Bias
- Central bankers are fixated on inflation despite weak data showing slowing prices and rising unemployment.
- Jeff Snider argues this bias toward inflation drives policy choices that ignore real economic weakness.
Surviving Market Chaos Isn't Proof
- Central bankers misread market turbulence as economic collapse risk, then use its absence to justify policy complacency.
- Snider argues surviving market stress doesn't prove resilience; it can mask deeper economic deterioration.
Media Amplifies Hawkish Messaging
- Fed internal dissent and public comments have fueled a media narrative that rate cuts are off the table.
- Snider says this narrative persists despite data showing disinflation and labor-market weakening.