Those in my trade have also been likened to dismal souls that take away the punch bowl just when the party is getting boisterous. A central banker trying to constrain an asset bubble would certainly not be flavour of the month because everyone loves a bubble on the way up.
Still, central bankers are required to think-long term and sometimes that means taking decisions that won’t be welcomed at the time but, in the longer-term, are in the public interest. (Assistance in the preparation of this text was provided by Nils Bjorksten, David Archer and other RBNZ staff.) BIS Review 7/2004  9