Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conve ...
Manage episode 303242823 series 30145
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Earlier today the FOMC indicated that it will soon begin the, potentially protracted, process of normalising U.S. monetary policy. By contrast, on Tuesday the Bank of Japan and the People’s Bank of China signaled that they are in no rush to follow suit and both the Swiss National Bank and the Bank of England are also seen holding steady on Thursday. Either economic cycles are now moving out of sync or at least one central bank has got it wrong.