Almost Solid Front of Hawkish Central Bank Policies With a Mounting Focus on Squelching Wage Pressure and Service Sector Prices

The leaders of the Federal Reserve, Bank of England, European Central Bank and Bank of Japan participated in a panel discussion yesterday. Powell, Bailey, and Lagarde attempted to outdo each other in displaying their commitment to lowering inflation. Whatever the cost in the short run, each insisted the long-term costs would be even greater if […]