Pimco's Clarida Says BOE Vote About Hijacked Policy

The video discusses the tightening labor market in Europe and the US, where wages remain stagnant despite low unemployment. It explores concerns about stagflation, focusing on inflation risks and economic stagnation. The discussion highlights challenges in balancing these issues, noting low productivity as a contributing factor. The video also addresses central banks' concerns about maintaining independence, particularly in the context of Brexit's influence on the Bank of England's policies.

What challenges do central banks face regarding their independence?

In what ways has Brexit affected the Bank of England's monetary policy?