Fighting inflation by minting new ideas
by the Monitor's Editorial Board
Mar 17, 2022
2 minutes
When central bankers huddle at economic crossroads, sometimes words speak louder than actions. The U.S. Federal Reserve raised interest rates a quarter of a percentage point yesterday for the first time since the start of the pandemic to address inflation. The Bank of England made a similar adjustment today– its third in recent months. The European Central Bank,
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