Money Talks: Breaking the bank? Part two

<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 two, Simon Rabinovitch, our US economics editor, asks former president of the New York Federal Reserve William Dudley and former economic advisor to President Barack Obama Jason Furman <a href="https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation?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">why the Fed failed</a> to act on rising prices. Plus, our finance editor Rachana Shanbhogue and economics editor Henry Curr debate <a href="https://www.economist.com/finance-and-economics/after-getting-inflation-so-wrong-can-the-fed-now-get-it-right/21808841?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">what can be done now</a> and what lessons the Fed’s fa