Economics

Central Bankers Write Requiem for Low-Inflation Strategies

Powell, Lagarde, Bailey warn of longer-lasting inflation shock
New world of deglobalization may require tighter policy bias

WATCH: Jerome Powell, Christine Lagarde and Andrew Bailey discuss monetary policy at the European Central Bank Forum in Sintra, Portugal. Source: Bloomberg

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By Craig Torres and Carolynn Look

June 29, 2022 at 8:11 PM UTC

Updated on

June 30, 2022 at 5:42 AM UTC

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Risks are mounting that the world is shifting to a regime of higher inflation, forcing central bankers to tear up their playbook of the last 20 years.