Money Talks: Breaking the bank? Part one

<p>Thirty years ago, rich-world central banks started winning the fight against inflation. More recently, they have begun to fight new battles, including against <a href="https://www.economist.com/special-report/2022/04/23/the-wish-to-respond-to-climate-change?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">climate change</a> or <a href="https://www.economist.com/special-report/2022/04/23/when-central-banks-become-one-stop-policy-shops?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">inequality</a>. As the old enemy of inflation returns, in this two-part series, host Soumaya Keynes asks if central banks are fighting on too many fronts.&nbsp;</p><p>In part one, Rachana Shanbhogue, our finance editor and author of a new <a href="https://www.economist.com/special-report/2022-04-23?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Special Report</a> on central banks, explains why the remit of central banks has expanded. Plus, former Federal Reserve Governor Sarah Bloom Raskin gives us the inside story on her decision to withdraw her contentious nomination to run the central bank’s regulatory efforts, after pushback from Republican Senators over her views on climate change and monetary policy.&nbsp;</p><p>Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at <a href="https://www.economist.com/moneytalks/?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" re