With inflation running at its highest in nearly 40 years, U.S. central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on. On Wednesday, San Francisco Federal Reserve Bank President Mary Daly became the latest U.S….
Global Supply Disruptions Could Still Get Worse, Central Bankers Warn
FRANKFURT—Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday. The disruptions to the global economy during the pandemic have upset supply chains across continents, leaving the world short of…
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