UBS On-Air: Paul Donovan Daily Audio 'Spin and substance'
UBS On-Air: Market Moves - Un pódcast de Client Strategy Office
We hear from Lane of the ECB, Broadbent of the Bank of England, and Jefferson of the Federal Reserve today. Central bankers have to know that seasonal adjustment weirdness will be giving false support to data near term. They also must know that monetary policy is a very, very blunt tool to deal with profit-led inflation. But the perception of central bank omnipotence over inflation means that spin will have to dominate over substance.
