Shock and war: global prices rise
The Intelligence from The Economist
00:00
Central Bankers Are Getting It All Wrong, Right?
The economy is incredibly robust right now. There's still a lot of pent up demand coming out of the pan people who've not taken trips for years, who want to do that kind of thing. You have a labor market right now, which is incredibly tight. So there is, you know, a goldilock scenario where they raise rates sufficiently to bring inflate down and they don't derail growth in the meantime. But how likely is it that they'll get it wrong? I mean, it feels like this isn't as unique a situation as, say, the pandemic, right?
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