2025-10-13
24 分钟Hi listeners, Chris Giles here, the FT's Economics Commentator.
Before we start the show, I'd like to invite you to join me and my top FT colleagues, Katie Martin,
Claire Jones and special guest, Lail Brainard,
for an exclusive subscriber webinar called Markets on the Edge,
Central Banks, Bonds and the Risks Ahead.
It's happening on October the 23rd at 12 o'clock GMT,
so register now and put your questions directly to our panel.
Visit ft.com forward slash edge for all the details.
Now on with the show.
Economics is often described as a dismal science,
a description that seems particularly apt in the current environment.
Central banks are juggling stubborn inflation and policies that have slowed growth.
Every choice they make seems to disappoint or even anger someone a lot.
Someone like, say, President Trump.
My guess knows that well.
But there's nothing dismal about him.
He once joked that his life goal was to be 80% Paul Volcker,
the former chairman of the Federal Reserve, and 20% Mohamed Ali.
Why that mix?
Well Volcker, for his economic gravitas, and Ali perhaps for his fearlessness.