This program provides listeners with a focused, half-hour masterclass on the big issues, events and trends driving news and current events. The show features Janice Gross Stein, the founding director of the Munk School of Global Affairs and bestselling author, in conversation with Rudyard Griffiths, Chair and moderator of the Munk Debates.

This week’s Munk Members podcast explores a wild week in financial markets brought on by central banks around the world aggressively raising interest rates to fight surging inflation. Are witnessing more than just a regular market sell off? The last decade and a half saw the normalization of new monetary policy tools by central banks such as ultra low interest rates and fueled record levels of indebtedness on the part of governments, consumers and corporations. The recent surge in inflation and the response by central banks to rapidly raise interest rates looks set to upend this status quo ante with big consequences for the economy, growth and economic inequality. Janice and Rudyard discuss what could come next and the important lessons that policy makers should take away from the economic turmoil effecting everything from equity and bond markets to currencies, housing and crypto.

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