U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government
LONDON—In late August, Bank of England Gov. Andrew Bailey was at a symposium in Jackson Hole, Wyo., when a New York University economist flagged a...
Bank of England warns of ‘apocalyptic’ global food shortage
The series of shocks to inflation are so severe that a Cabinet minister criticised the Bank over the weekend for failing in its “one job...
Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation
Federal Reserve Chairman Jerome Powell said he was more concerned about the risk of failing to stamp out high inflation than about the possibility of...