The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said. Speaking at the European Central Bank’s (ECB) Forum on Central Banking in Portugal on Tuesday, Powell admitted in his comments that central banks during and before the COVID-19 pandemic did not fully understand inflation and what causes it....Read More: We Now Understand How Little We Understand About Inflation – Fed’s Powell
