Analysis: Pain of breaking inflation will reverberate around the globe
ACKSON HOLE, Wyo., Aug 29 (Reuters) - The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, however. Central banks spent decades building their credibility on inflation fighting skills and losing this battle could shake the foundations of modern monetary policy. Advertisement · Sc...
Analysis: Pain of breaking inflation will reverberate around the globe
ACKSON HOLE, Wyo., Aug 29 (Reuters) - The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, however. Central banks spent decades building their credibility on inflation fighting skills and losing this battle could shake the foundations of modern monetary policy. Advertisement · Sc...
