The central 'enemy'

Tweetstorm has become a new way for governments to express disappointment with central banks

Amol Agrawal

In the recently-held Jackson Hole symposium, the participating central bankers were concerned with proceedings elsewhere. Gauti Eggertson of Brown University narrated his experiences in a recent Bloomberg article. He noted that when Jerome Powell, chairman of the US Federal Reserve (Fed), was delivering his speech, other central bankers, instead of listening to him, were busy refreshing Twitter to see whether there was a new tweet from President Donald Trump, attacking Mr Powell or the Fed. Mr Trump did not disappoint. Soon after Mr Powell’s speech, he tweeted that the Fed was ...