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Podcast: Beyond Currency
Episode: 4 July 2022 - Anti-Brexit member to bring fresh perspective?
Description: While the Fed acknowledges that Jerome Powell may have been a little flippant about rising inflation, the FOMC have actually taken significant steps to rectify his error.
This in contrast to the Bank of England, which has agreed that it underestimated the rate at which inflation would accelerate, but has made no significant effort to rectify its error.
To many observers, the MPC appear to remain unsure about how it can tighten monetary policy without tipping the economy into recession.
Its series of dovish hikes have had no significant effect on the rise in inflation and while it is clear...