51�Թ�

The Bank of England has also criticised the agency for the reliability of its job market data, which the central bank considers when deciding whether to raise or cut interest rates.

Secondly, as in previous crises, the US central bank could print more money and use it to buy up government debt - as we saw after the great financial crisis of 2008.

He also included a link to a news article about a US federal housing regulator calling for Mr Powell to be investigated over his testimony about renovations to the central bank's Washington headquarters.

Everyone wants a piece of the action, from central banks to large institutions like hedge funds, and retail investors.

If inflation remains high, central banks will be reluctant to bring down interest rates.