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Breaking a central banking taboo

A Financial Times piece examines a departure from long-established central banking orthodoxy. The article argues that policymakers are crossing a line that central banks have historically avoided, a shift with potentially significant consequences for monetary policy, market confidence and the credibility of institutions such as the Federal Reserve and the European Central Bank. Readers and analysts are debating which norms are being abandoned and what risks follow.

Why now: Central bank independence and policy orthodoxy are under scrutiny amid current debates over political pressure and unconventional monetary policy.

Federal ReserveEuropean Central BankFinancial Times

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