https://foreignpolicy.com/2020/11/21/fed-ecb-constitutional-crisis-is-coming-for-big-finance-too/
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In the looking-glass moment of November 2020 we should perhaps no longer be surprised to see the chairman of the U.S. Federal Reserve, Jerome Powell, and the head of the European Central Bank (ECB), Christine Lagarde, demanding more fiscal action to address the coronavirus crisis. But one does have to pinch oneself. Did we ever dream that we would see the central bank guardians of price stability taking on the role of lead cheerleaders for massive fiscal activism?
