Central Banks
The New Central Bank Dilemma From the Fed to the Philippines
- Rate decisions due this week from Fed, SNB, BOE and others
- Central bankers face dilemma on financial, price stability
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From Washington to Zurich to London, central bankers need to make a pivotal decision in coming days: whether their biggest immediate fear is financial or price stability.
The Federal Reserve on Wednesday will set the tone as Chair Jerome Powell gathers with his colleagues to consider whether the banking turmoil that erupted less than two weeks ago is so concerning that an interest-rate hike should be abandoned.