M&G Investments: M&G Investments: Unelected Power - an interview with Paul Tucker

Have central banks become “overmighty citizens”, with too much power and insufficient democratic input? If so, does it matter and what can we do about it? In an era of QE, and bailouts of commercial banks, wealth inequality has widened in most developed economies. Did society agree that this outcome was what it wanted when central bankers “saved the world” in the Great Financial Crisis? 

In this short video, Jim Leaviss, Head of Retail Fixed Interest asks former BoE Deputy Governor, Paul Tucker about these important dilemmas and what democracies should do about this “unelected power”. 

Watch the interview