Skip to content
Subscriber Only
Opinion
Clive Crook

How Oil Complicates Monetary Policy

Why the plunge in oil prices makes central bankers nervous
He'll take his lunch break in a "considerable time."

He'll take his lunch break in a "considerable time."

Photographer: Ty Wright/Bloomberg

Is the recent dramatic drop in oil prices ultimately good news or bad news for the U.S. and Europe? And how should it affect monetary policy?

There's a simple opening answer to both questions -- and then some complications that, under present circumstances, demand attention.