Oct
02
Low Inflation Could Put Central Bankers’ Superhero Status at Risk
BySometime between fighting the global financial crisis and averting the breakup of the eurozone, central bankers began to be viewed as superheroes. They are in danger of becoming victims of their own success.
Global rate-setters’ omnipotent status has less to do with firefighting and more to do with conquering the soaring inflation of the 1970s and ’80s. Granted, luck as well as skill had something to do with annual price increases falling toward the 2 percent that most of them target…
Low Inflation Could Put Central Bankers’ Superhero Status at Risk
