Central Bank Independence Under Siege: The ECB-Fed Policy Trilemma of 2026
ECB's Schnabel challenges the dual mandate. Fed's Powell defends autonomy under political assault. No central bank can fight inflation and support growth.
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ECB's Schnabel challenges the dual mandate. Fed's Powell defends autonomy under political assault. No central bank can fight inflation and support growth.
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As global institutions splinter under military, geopolitical, and monetary strain, the European Central Bank is accelerating the Digital Euro timeline to 2028 — positioning the eurozone to reclaim sovereignty over its own payment infrastructure. With Visa and Mastercard currently processing approximately 21% of France’s
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