Peter Praet, the former Chief Economist at the European Central Bank, shares invaluable insights from his nearly ten years under Mario Draghi. He discusses the ongoing challenges central banks face in achieving inflation targets amidst political hurdles and economic shocks. Praet explores the critical balance between monetary and fiscal policies in the recovery phase following the pandemic. He also addresses the impact of digitalization and globalization on monetary strategies, emphasizing the need for innovative approaches in today's complex economic climate.