Central Banks - Power Without Reponsibility?

Interest rates, inflation, monetary control. What is it that central bankers actually do - and are they the right people to be doing it? The last decades have seen huge turbulence in the global economy - the Great Recession, then post-Covid inflation, so is the system working? Is it right that a political decision - balancing price-rises against the cost of borrowing - should be in the hands of unelected bankers? Dominic Caddick of the New Economics Foundation takes Phil and Roger through what the central bankers can do, and how their job could be made more effective.

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