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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
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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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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.