Bracing for a More Inflationary World
Faced with societal aging, de-globalization, climate change, anti-immigration sentiment, and technological advances, central banks will feel pressure from many directions in the coming years, even after they bring today’s inflation under control. Difficult trade-offs will be unavoidable.
https://prosyn.org/M7GtpoK
CHICAGO – In many countries, the political landscape is changing dramatically, possibly auguring more radical policies in both the United States and Europe. Faced with societal aging, de-globalization, climate change, anti-immigration sentiment, and technological advances, central banks will feel pressure from many different directions in the coming years.