Once, central bankers knew what they needed to do to handle inflation

Central bankers no longer agree how to handle inflation.

After years of setting interest rates on the basis of inflation forecasts and seeking to hit a target of about 2 per cent, the leading monetary authorities around the world are pursuing different strategies.

Eurozone policymakers are embroiled in a furious argument as the ECB conducts its own policy review; the results will be announced in September.

“I am not worried about a return to the 1970s,”Fed vice-chair Randal Quarles said.

FT 2 June 2021

https://www.ft.com/content/1c50f428-e235-4286-8ee7-20430e430d8b

Riktiga karlar är inte rädda för lite inflation, 2010

https://englundmacro.blogspot.com/2010/02/riktiga-karlar-ar-inte-radda-for-lite.html

Jag tycker det är skriande uppenbart att räntan världen över är för låg och att en större del av stimulanserna borde ske via finanspolitiken, 2009

https://englundmacro.blogspot.com/2014/08/skriande-uppenbart.html