Joachim Nagel, president of Deutsche Bundesbank, Jon Cunliffe, deputy governor for financial stability at the Bank of England (BOE), and Jerome Powell, chairman of the US Federal Reserve, prior to the central bank session of the Group of Seven (G-7) finance ministers and central bank governors meeting in Niigata, Japan, on Saturday, May 13, 2023. Kiyoshi Ota/Pool via REUTERS