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Aug 14, 2024 · Reducing uncertainty about future prices has been a cornerstone of the Bank’s credibility since it gained operational independence to set policy rates in 1997. The sharp decline in inflation from a 40-year high of just over 11% in October 2022 suggests that the BoE’s tightening cycle may have finally tamed runaway prices.
Sep 10, 2024 · A modestly tighter stance, as described at the start of the speech, would help ensure that inflation risks 2-3 years ahead are balanced around the 2% target, rather than tilted to the upside (which I suspect is the case with the current policy stance).
Mar 19, 2024 · Central bankers are increasingly confident that inflation can be vanquished without driving up unemployment sharply, as economists forecast “immaculate disinflation”. Analysts polled by ...
- Valentina Romei
Aug 20, 2024 · To prevent future inflation shocks, he says U.S. policymakers must target taxes, spending, and growth and stop relying on rate-setting alone to keep the economy in check. “The Fed is a lot less powerful than people think,” he says.
May 6, 2022 · Bank of England faces its biggest inflation challenge since independence. A quarter-century after the central bank was granted autonomy, soaring prices are testing its mettle.
Nov 16, 2022 · John O'Trakoun and Pierre-Daniel Sarte discuss the persistence of inflation over the years and what may set apart the current period of elevated prices compared to historical patterns. O'Trakoun is a senior policy economist and Sarte is a senior advisor at the Federal Reserve Bank of Richmond.
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Mar 21, 2024 · Independence is critical to winning the fight against inflation and achieving stable long-term economic growth, but policymakers risk facing pressure amid a wave of elections this year.
