Challenges in Central Banking and Inflation Dynamics

This chapter explores the limitations of current central banking models and governance, emphasizing the urgent need for a rethinking of monetary policy as inflation dynamics shift. The discussion highlights concerns over the Fed's credibility and effectiveness, particularly in light of its response to recent economic challenges and the influence of external factors. Additionally, it raises critical questions about the role of cryptocurrencies and political pressures in shaping the future landscape of monetary policy.