US Federal Reserve chairman Jerome Powell testifies before a US Senate committee on July 15, 2021. Powell recently said it was unclear whether the Fed would be able to engineer a soft landing because of factors outside its control. Photo: TNS
Opinion
Opinion
Macroscope
As recession fears grow, central bankers’ loose lips could sink global economic recovery
- It is crucial that central bankers are candid when it comes to assessing economic and financial risks that affect people around the world
- However, policymakers must choose their words carefully, especially when the global economy is facing multiple shocks and markets are in a state of turmoil
US Federal Reserve chairman Jerome Powell testifies before a US Senate committee on July 15, 2021. Powell recently said it was unclear whether the Fed would be able to engineer a soft landing because of factors outside its control. Photo: TNS
