Governors face an acute political imperative to ensure wage discipline
Central bankers trying to ensure that surging consumer prices don’t feed yet more inflation are doing what they can to keep their own houses in order.
For staff working for US Federal Reserve chair Jerome Powell, his eurozone counterpart Christine Lagarde and their global peers, annual pay adjustments cannot avoid the impact of a once-in-a-generation cost-of-living shock...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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