From RBI to Federal Reserve, can central banks survive the age of populism?

A president who thinks inflation can be fixed by lower interest rates isn't going to let his country's central bank raise rates to the degree economic factors may require

Is central bank independence the next casualty of the age of populism? In the US, President Donald Trump has declared that the Federal Reserve is “going loco.” He blames Fed Chairman Jerome Powell for threatening “his” recovery and for market volatility caused in part by uncertainty over the trade war Trump himself started.

In India, reports emerged this week that the government might invoke a never-before-used section of the law governing the Reserve Bank of India to force it to reverse course on some recent controversial policies. The government wants the central bank to loosen lending restrictions — to fuel