Jerome Powell talked about the Fed’s new approach, aiming to keep inflation average two percent. NAB’s David de Garis says that means they will allow inflation to rise higher – very different to the approach of the ECB. But does it matter, when inflation has been so low for so long?
Whether it’s the fiscal policies of the government or the monetary policies of the central bank, it all still revolves around using money that wasn’t around a few months ago.
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