Via the
@FT, my thoughts on why central bank rate hikes should not be “the only game in town” when it comes to addressing today's inflation challenge.
The real remedies lie not with central banks but with governments: addressing supply bottlenecks and pursuing greater fiscal consolidation (which would also ease pressure on long-run yields by creating more room for the funding of innovations).
#
economy# #
markets# #
centralbanks# #
inflation#