Central bankers failed to see inflation coming. They failed to react when it arrived. And now they’re overreacting in their campaign to slow inflation back down again.
In the face of another struggling bank in the US, just hours after the Federal Reserve chair Jerome Powell hiked interest rates again and declared the banking crisis to be over, what mistake will central bankers make next?
Perhaps it’ll be another house price crash, which the media is still busy blaming on Brexit…
Find out what Nigel Farage had to say about that…
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Editor, Fortune & Freedom