LONDON — At the end of August, Governor of the Bank of England. Andrew Bailey at a symposium in Jackson Hole, Wyo., when a New York University economist raised a problem. In a world where central banks are rapidly raising interest rates to tame inflation, they may face an unexpected crisis in financial markets and need to provide adequate liquidity to prevent them from falling. prevent a market downturn.
Mr. Bailey, a soft-spoken Briton, stood up in the hall and said such a face would be a tough sell for investors and the public as it would undermine life. war against inflation. “It’s a very difficult message to get out to the outside world,” he said.
https://www.wsj.com/articles/u-k-central-banker-andrew-bailey-inflation-financial-crisis-11664749977 U.K.’s Central Banker Faces Inflation, a Financial Crisis and His Own Government