There probably aren't many people in the world who would want to be in Jerome Powell's shoes right now. Warnings of economic weakness at home and abroad have been getting louder of late; the specter of an ever-deepening trade crisis is keeping markets in an uproar; and the Federal Reserve chairman gets no reprieve from President Donald Trump's Twitter harangues, even as he tries to set a reassuring tone. But is the Fed's power — and that of the world's other central banks — beginning to wane? What's to come of monetary policy as governments try to fend off the growing threat of recession? From Biarritz to Beijing, Bloomberg Opinion will be on the trail. Remember When Governments Used to Run Their Economies? — Conor Sen As Jackson Hole Starts, Emerging Markets Lose Faith in the Fed — Shuli Ren Negative Rates Are Coming for Your Savings — Mark Gilbert Powell Admits Fed Has No Playbook for a Trump Trade War — Brian Chappatta Powell Needs to Watch His Language — Bloomberg editors What the Fed Could Learn From Canada — Narayana Kocherlakota Trump Works Hard to Take On the Yield Curve — Robert Burgess China's Central Bank Bids to Join the Grown-Ups — Daniel Moss Powell's Tricky Balance at Jackson Hole — Mohamed A. El-Erian Steel Yourself for the Trump Slump — Bloomberg editors This is the Theme of the Week edition of Bloomberg Opinion Today, Sunday's roundup of our biggest commentary topic this week. |
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