A central bank's chair should act as the messenger for the committee's consensus, not for personal views.

Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us

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• A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. JDJamie Dimon16 Jul 2025interest rates
• A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. OBOlivier Blanchard1 Jun 2022interest rates
• A central bank can stop giving forward guidance without abandoning accountability for explaining its decisions. CSClaudia Sahm20 Aug 2026interest rates
• A central bank press conference exists for the chair to explain and answer for the committee's decision. CSClaudia Sahm21 Sept 2026interest rates
• A Fed easing move being immediately followed by a sharp jump in long-term rates suggests the Federal Reserve has lost control over the narrative governing bond-market expectations. BDBrad DeLong15 Oct 2026interest rates

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