Tug of War That Markets Fear Is Central Banks Versus Governments

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.In the all-hands-on-deck economics of the pandemic, governments and their central banks shared the same goals. Now they’re starting to pull in different directions. The tug-of war has already claimed one victim. The UK’s attempt to boost its economy with fiscal stimulus backfired, triggering a bond rout. In the short-term, the Bank of England was forced to step in and support markets, w
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