On the surface, the United States is soaring economically when compared to some of its rivals. But turbulence lurks under the nation’s wings. To a large extent, the Federal Reserve is underwriting this growth through monetary and fiscal channels, leading to instability in money markets. What transpires in the world’s largest economy and reserve-currency holder is guaranteed to impact the welfare of economies elsewhere, so what can we expect next?
Monetary Policy Committee (MPC)
Taking on the mantle of governorship of a central bank is challenging, but for Andrew Bailey, the new governor of the Bank of England, the role couldn’t be more formidable. With the United Kingdom’s long-awaited divorce from the European Union around the corner, the country’s financial system will need all the help it can get to survive the inevitable turbulence. Bailey’s new job won’t be a walk in the park!