Shoppers walk through a shopping mall in Columbus, Ohio, US, on December 10. Prices for popular shopping categories are rising the fastest in decades, putting pressure on the Federal Reserve to curb inflation. Photo: Bloomberg
Opinion
Opinion
Macroscope
Why central banks must do more to tighten their belts
- The world has suffered too many crash and pandemic misfortunes, and needs interest rates at the right level to deal with future shocks
- Central banks aren’t targeting output, inflation and jobs so much as trying to normalise interest rates for better monetary traction in the future
Shoppers walk through a shopping mall in Columbus, Ohio, US, on December 10. Prices for popular shopping categories are rising the fastest in decades, putting pressure on the Federal Reserve to curb inflation. Photo: Bloomberg
