Bank of England governor hits out at populism as Trump interferes in US Fed
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Andrew Bailey, the governor of the Bank of England, has urged global institutions to combat the rise of populism, which he views as a significant threat to living standards. His comments come in response to Donald Trump's attempts to undermine the independence of the US Federal Reserve. Bailey emphasized the responsibility of institutional leaders to 'challenge back' against populist narratives that could destabilize economic growth.
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The rise of populism has been a global phenomenon, often characterized by leaders challenging established institutions and norms. In the United States, Trump's rhetoric and actions against the Federal Reserve have sparked debates about the role of central banks in democratic societies. Bailey's statements reflect a broader anxiety among central bankers about maintaining their independence in the face of political pressures.
This article reflects the views of the author and does not necessarily represent the views of The Guardian or its affiliates.
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