G30 Calls for Major Central Banks to Rethink Crisis Response

The Group of 30, comprising influential central bank governors, suggests that major central banks should reconsider their crisis response to avoid being constrained by profligate governments and exuberant investors. The report criticizes the delayed response to inflation by the Fed and other major central banks, while praising emerging market central banks for acting swiftly. It warns of the risks associated with central banks' fiscal and financial dominance and advocates for a more transparent and rule-based approach.