SBP editorial: New Central Bank chief must keep a firm hand on the tiller

SBP editorial: New Central Bank chief must keep a firm hand on the tiller
Gabriel Makhlouf

Few people remember Bill Martin, the chair of the US Federal Reserve between 1951 and 1970 – through the presidencies of Harry Truman, Dwight Eisenhower, John F Kennedy, Lyndon Johnson and Richard Nixon. But they’ll no doubt know his famous old description of a central banker as “the chaperone who has ordered the punch bowl removed just when the party was really warming up”.

What he meant was that the job was to stimulate inflation, but only...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post