{"id":380424,"date":"2025-08-28T13:49:13","date_gmt":"2025-08-28T13:49:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/380424\/"},"modified":"2025-08-28T13:49:13","modified_gmt":"2025-08-28T13:49:13","slug":"trumps-interest-rate-crusade-will-be-self-defeating","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/380424\/","title":{"rendered":"Trump\u2019s interest-rate crusade will be self-defeating"},"content":{"rendered":"<p data-component=\"paragraph\" class=\"css-1l5amll e1y9q0ei0\">There are two ways, the world\u2019s central bankers learned at this year\u2019s Jackson Hole conference, to tame a horse. You can break the animal with fear, but it will never forget the pain. The kinder way, shown to attendees one evening, is to set consistent boundaries with gentle consequences (noisy clapping). This, says Martins Kazaks of the Bank of Latvia, is like central banking. Although you can raise interest rates to crush inflation, causing a recession, it is better when everyone believes in the inflation target, so nobody raises prices and wages too much in the first place. If the boundaries are credible, the bank can be gentler.<\/p>\n","protected":false},"excerpt":{"rendered":"There are two ways, the world\u2019s central bankers learned at this year\u2019s Jackson Hole conference, to tame a&hellip;\n","protected":false},"author":2,"featured_media":380425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,4829,1700,1366,7128,391,16,15],"class_list":{"0":"post-380424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-columns","10":"tag-economy","11":"tag-finance-economics","12":"tag-free-exchange","13":"tag-opinion","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115106713655199268","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/380424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=380424"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/380424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/380425"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=380424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=380424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=380424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}