Andrew Bailey says he and heads of other institutions have duty to ‘challenge back’ populist narratives
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The governor of the Bank of England has called on the world’s leading global institutions to fight back against the rise of populism as one of the biggest threats to growth in living standards.
In a thinly-veiled response to Donald Trump’s attempts to interfere in the independence of the US Federal Reserve, Andrew Bailey said that he and the heads of other institutions had a duty to “challenge back” populist narratives.
“Part of the purpose of international agencies is that from time to time they have to tell us what we don’t want to hear, let alone act upon. Of course, they have to be accountable for the accuracy and quality of the assessment. But, accepting that, we have to call out messenger shooting,” he said.
