European Central Bank Governing Council member Pierre Wunsch pushed back against suggestions that the institution’s inflation-fighting mandate should be widened to include things like green goals. “Be careful what you wish for,” the Belgian central-bank chief said Wednesday in Frankfurt. “Pushing central banks into the inherently political waters of tilting relative prices could open Pandora’s box. Never-ending mission creep and ultimately, politicization would loom large.” While acknowledging “the criticality of a successful climate transition,” Wunsch said “let’s keep in mind the inherent limitations of monetary ... (full story)