What Frightens the World's Most Powerful Central Bankers

The video features a discussion with Martin Wolf, Governor Bailey, Chair Powell, and President Lagarde on their greatest fears in the current economic climate. Governor Bailey highlights the unprecedented economic shock and uncertainty caused by COVID-19. Chair Powell expresses concern over long-term damage to the economy and labor force. President Lagarde fears the potential for war and the implications of virus mutations, particularly the mink-related mutation that could render vaccines ineffective.

What does Governor Bailey identify as a major challenge faced by the UK economy due to COVID-19?

• Stable public policy

• Unprecedented economic shock

• Predictable economic growth

• Decreasing unemployment rates

According to Chair Powell, which group is particularly affected by the pandemic's impact on the labor force?

• Teenagers entering the workforce

• Women not by choice out of the labor force

• Government employees

• Retired individuals

What is one of Chair Powell's concerns regarding the pandemic's impact on education?

• Increased funding for schools

• Overcrowded classrooms

• Higher education enrollment rates

• Children missing out on education

What does President Lagarde fear could be triggered by hubris and silliness?

• A diplomatic breakthrough

• A financial crisis

• Another global war

• A new technological revolution

Why is the mink-related virus mutation a concern for President Lagarde?

• It could lead to economic growth

• It will boost tourism

• It might render current vaccines ineffective

• It will improve public health