Chris Ragan on Rebuilding the Canadian economy in the post-Covid era | Government Analytics' The Monthly Podcast

September 12, 2022 | On Government Analytics' The Monthly podcast with host Peter Kent, director Chris Ragan spoke about rebuilding the Canadian economy in the post-Covid era. At the recent Jackson Hole economic policy symposium, Jerome Powell, the head of the US central bank, spent 8-minutes making it abundantly clear he’s going to get inflation under control. A speech that cost some of America’s richest citizens, almost $10 billion a minute as the S&P 500 index dropped 6.5 percent. Then, the Bank of Canada stuck to a similar narrative raising the policy rate another 0.75 per cent to 3.25 per cent. Commenting on the symposium, former Director of the London School of Economics, Sir Howard Davies, told Bloomberg Surveillance he’s concerned about central banks losing their independence. “Somehow we have to find a manageable pathway down to a lower level of inflation which politicians can support.”

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