TOKYO -- Punchbowls everywhere are becoming endangered species as central bankers scramble to yank them away with increasing urgency. Nowhere more so than here in Asia.

This metaphor is courtesy of William McChesney Martin, the US Federal Reserve’s longest-serving chairman who held the position from 1951 to 1970. He famously said a monetary authority’s role is that of a “chaperone who has ordered the punchbowl removed just when the party was really warming up.”

https://asiatimes.com/2022/09/race-to-hike-rates-guarantees-global-recession/?mc_cid=81418c09cc&mc_eid=9734f84cb4