Economics
India in Spotlight as Global Central Banks Battle Populists
- India joins nations where central bank autonomy is threatened
- Tough decisions kicked down the road for now but may resurface
This article is for subscribers only.
It’s open season on central bank chiefs.
In the U.S., President Donald Trump has complained that the Federal Reserve has gone “loco” because its interest rate hikes threaten to snuff out his deficit-swelling, tax cut stimulus. Italy’s Deputy Prime Minister Luigi Di Maio accused his compatriot Mario Draghi of “poisoning the atmosphere” after the European Central Bank president warned that the country’s borrowing costs would escalate unless the government pared back its spending plans.