Financial Conditions Loom as Fresh Worry for Central Bankers

I’m Chris Anstey, an economics editor in Boston, and today we’re looking at the difference that markets can make for central banks. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

In the midst of the global financial crisis, one Fed district bank president who had previously worked in the finance industry was asked what position he’d advise taking in markets.