Central Banks on Tightrope as Trade Wars and Energy Risks Roil Global Economy

Global central banks are walking a tightrope between fighting stubborn inflation and avoiding recession as trade wars and energy shocks intensify. Federal Reserve Chair Kevin Warsh signaled potential rate hikes at Jackson Hole, while the Bank of Canada holds steady amid a bitter tariff battle with the United States.

Trade Routes

• United States: Fed Chair Warsh declared delivering "stable prices" is the central bank's job, hinting rates may rise from the current...