Bloomberg/Philip Aldrick and Sam Kim/4-14-2023
““I am terrified that if central banks don’t own their mistakes, if central banks don’t learn from their mistakes and are public about this process, people are going to say ‘You’re not accountable enough, and I’m not sure you should have the amount of political autonomy that you do’.” – Mohamed El-Erian, Cambridge
USAGOLD note: Some see central banks as god-like. Other see them as a source of instability. it cannot be overlooked that confidence in central banks is waning – especially the Federal Reserve which finds itself at the epicenter of a crisis largely of its own making.
