Federal Reserve chairman Jerome Powell testifies at a Senate Banking Committee hearing in Washington on March 3. Policy mistakes from central bankers now pose the greatest risk to the economy. Photo: EPA-EFE
Opinion
Opinion
Inflation isn’t scary. Central bankers getting militant about it is
- Inflation is already primed to retreat but policymakers are only starting to become more assertive about fighting it
- That raises the prospect that central bankers will tighten too far, too fast, harming economic growth and triggering more market volatility
Federal Reserve chairman Jerome Powell testifies at a Senate Banking Committee hearing in Washington on March 3. Policy mistakes from central bankers now pose the greatest risk to the economy. Photo: EPA-EFE
