by Tyler Durden
Tuesday, Jul 06, 2021 - 06:40 PM
One upon a time, when central bank independence first materialized - even though as we have noted in the past central banks are anything but independent (see Who Owns The World s Central Banks ).
. their mandate was to control inflation and generally this was their absolute priority.
However, as DB s Jim Reid writes today, recent years have seen central banks increasingly enter the debate on numerous other topics including
fiscal policy, social justice, race, gender issues, climate change and inequality.
Enter Reid s chart of the day , which shows a snapshot of this in terms of mentions of inequality over time in speeches from developed market central bank officials.