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Articles on Central banks

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Many countries are dealing with a rapidly rising cost of living. Billion Photos/Shutterstock

Global economy 2023: how countries around the world are tackling the cost of living crisis

Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
Photo ops of the world’s central bankers and finance ministers typically involve a woman or two surrounded by men, such as this image from the G-7 in Germany in 2015. AP Photo/Jens Meyer

Men don’t trust female central bankers on inflation or the economy, survey data shows

Men were significantly less likely to express confidence in the Federal Reserve and optimism about the economy when monetary policy information came from a woman versus a man.
Global central banks, like the Bank of Canada, are considering their own digital currencies as a backstop to prepare for a future where cryptocurrency dethrones cash as king. THE CANADIAN PRESS/Adrian Wyld

Central bank digital currencies could mean the end of democracy

Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.
The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation. THE CANADIAN PRESS/Sean Kilpatrick

Why we can’t just ‘stop printing money’ to get inflation down

While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
Biden reappointed Jerome Powell, seated at left, to head the Fed. Some progressives wanted him replaced with Lael Brainard, seated right. AP Photo/Manuel Balce Ceneta

Jerome Powell keeps his job at the Fed, where he’ll be responsible for preventing inflation from spiraling out of control – without tanking the economy

After weeks of mulling, Biden decided to give Powell another term as Fed chair, which means he will have more influence over the trajectory of inflation than anyone else.

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