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Navigating the ups and downs of economic crises
New book by former Fed chairman sheds light on the central bank’s approach to inflation and financial turmoil.
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America is now being forced to reckon with high inflation for the first time since the Great Inflation.
PHOTO: PIXABAY
The American humorist Will Rogers said there have been three great inventions since the beginning of time: fire, the wheel and the central bank.
How did central banks evolve to play their important role in the economy? With the world still recovering from Covid-19, how can they tackle the current inflationary spiral - one which has seen the Federal Reserve in the United States hike interest rates and hit the brakes on a multi-trillion-dollar bond-buying spree?
