LibraryScenariosHow central bankers cope with the human impact of policy decisions
Scenario

How central bankers cope with the human impact of policy decisions

Every rate decision I vote on affects millions of people's mortgages and jobs, but I make these choices based on models and data that feel completely disconnected from the single mom working three jobs who lives next door to me.

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More people experience this than they realize.

What we've seen

The abstraction necessary for systemic decision-making creates a painful distance from the human consequences of those choices.

Ideas that help explain it
Worth thinking about

“Where Are You with Central banks and monetary policy?”

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