Central bankers are still sticking to the line that they think a lot of at striving inflation this year is temporary and it'll fade next year. But she did say there are upside risks that some of these price pressures could continue into next year. And also, they're watching very closely at the e c b to see if there's any sign of so called second round effects,. whereby wer s start to demand higher levels of wages in response to the higher cost of living we're seeing. If that starts to happen, you could see a price spiral, which would be very worrying for central bankers.
Two senior Federal Reserve officials whose trading activity prompted the US central bank to launch an ethics review on Monday announced they will resign, and today Fed chair Jay Powell will join other central bank chiefs at a European Central Bank forum. Plus, where does Germany go after its razor-thin election? The FT’s Europe editor, Ben Hall, explains that it could be a while before there is a clear picture for the country’s government.
Regional Fed chiefs step down after securities trading controversy
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