When the central bank chiefs of the US, the euro zone and the UK exchange views in public on Wednesday, the admonishments of politicians may still be ringing in their ears. Just last week, Federal Reserve Chairman Jerome Powell was warned by Democratic lawmakers not to risk a recession, a message European Central Bank President Christine Lagarde received in Brussels as well. The Bank of England, led by Governor Andrew Bailey, was recently accused of having been “flat footed” on inflation. The trio will appear together at the ECB’s annual meeting in the Portuguese resort of Sintra, a so-called retreat that’s unlikely ... (full story)