“There is a good chance that when things settle down, we’ll be back to a more normal equilibrium."
“The big moves in inflation are primarily global shocks. ... What the Fed has done has also contributed, without a doubt.”
“The big moves in inflation are primarily global shocks. What the Fed has done has also contributed, without a doubt.”
"Big picture: We are making progress, but the progress is slower than expected. Inflation is somewhat more stubborn than we had hoped."
"The biggest risk now is that inflation does not come down as quickly as expected."
"If you front-load [interest rate] hikes, it makes it harder to tell whether you need to wait a little longer to see the effects."
"The Bank of England … will require monetary policy response and slower growth to get to equilibrium.”
"What the Bank of England has done seems to be the standard central bank playbook, which is what they should be doing … "
"The key, key variable for so much is productivity. … And we just don't know where it's going to settle after COVID.”
Forbes [is] in favour of the BoE considering "50 basis point" increases to its benchmark rate if the labour market remains tight.
