No, We Are Not About to Return to 1970s-Style Inflation

Key Insights

• Inflation has made a comeback after a long period of “lowflation” following the global financial crisis.
• The good news is that central banks have the tools to handle most of the causes of the inflation we see today—and are willing and able to use them.
• The bad news is that to bring inflation under control, central banks must tighten to a point where growth will slow sharply.

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