Two conclusions should be drawn from accelerating inflation
In the first quarter of the current year, the coronavirus situation deteriorated and economic growth stalled. Soft indicators point to brisk growth in the latter part of the year. The accelerated inflation in the United States demonstrates that the laws of economics continue to apply. Central banks should nonetheless be given the mandate and tools for a more expansionary monetary policy than before. (AI translation)
- Ilkka Kiema
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