Katie Martin

Now, the other big thing going on this week is central bank-a-rama.

We've got loads of central banks this week.

We've got the Fed in the States.

We've got Bank of England in the UK.

We have got the European Central Bank.

Now, on paper, snooze fest, they're all likely to be on hold and not move rates.

But there's exciting stuff going on here on a macro level about how are they thinking about this rise in energy prices globally.

how inflationary they think this is going to be, how much is this going to push them off the courses that they all previously thought they were on.

But also, it looks like this is the last meeting where Jay Powell is in charge of the Fed.

And that's a moment.

Look, if it was me and I'm clearly not the Fed chair, I would think sod this for a game of soldiers.

It's been a right old couple of years.

I'm knackered.

I just want to like go home, put my feet up, go on a cruise, do some gardening, you know.

But he's like a proper public servant, right?

So he might stay on at the Fed in another capacity.

But this does open the door to Kevin Walsh, the Trump nominee, taking on this job that he so dearly wants.

We had a hearing in the Senate from Walsh the other day talking about, so what are you going to do with this job if you get it kind of thing?

And I feel like we kind of learned a lot and kind of didn't.

Like on the one hand, he was like, listen, I haven't made any promises to cut rates.