The death of Alan Greenspan reignites debate over whether independent central banks can still guarantee price stabilityExecutive summary: The death of former Federal Reserve Chairman Alan Greenspan prompted a podcast discussion questioning whether the traditional model of an independent central bank can still ensure price stability. The debate touches on the credibility of monetary policy frameworks that anchor inflation expectations, influencing investment decisions, currency stability, and economic growth. Former Fed Chair Alan Greenspan (posthumously), economists Bert Rürup and Michael Hüther, central bank policymakers, and market participants monitoring inflation outlook. Policymakers may reassess the mandate and independence of central banks, while analysts watch for shifts in inflation expectations and potential policy adjustments.The Handelsblatt podcast uses the passing of longtime Fed chief Alan Greenspan as a springboard to ask if the classic model of an independent central bank remains fit for purpose in ensuring price stability. Contributors Bert Rürup and Michael Hüther frame the question as a fundamental reassessment of monetary‑policy architecture rather than a mere tribute. The discussion highlights growing skepticism about whether traditional inflation‑targeting regimes can withstand contemporary supply‑side shocks and geopolitical tensions.Connected developmentsEnergie: Hitze sorgt zeitweise für Verzehnfachung des StrompreisesUK food and drink exports fall as US tariffs and Brexit trade friction bites – business liveArbeitsmarkt: Ifo: Unternehmen bauen vermehrt Stellen abOpen the full case file on Beyond →
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